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Acron Board of Directors Issues Dividend Recommendations

  As part of preparations for the annual general meeting to be held on 29 May 2020 as absentee voting, Acron Board of Directors met on 7 May 2020 and considered the following agenda items:
  1. On reviewing Acron’s 2019 annual financial statements (accounts)
  2. On recommendations for Acron’s 2019 profit and loss distribution
  3. On paying (declaring) dividends for 2019, their amount and form of payment
  4. On considering the auditor’s reports on Acron’s 2019 statements
  5. On approving the terms and conditions for an agreement with Acron’s Registrar (Joint Stock Company Independent Registrar Company R.O.S.T.) for arranging, convening and holding a general meeting of securities holders, in particular acting as a counting commission
  6. On determining the Board of Directors’ position on agenda items for Acron’s annual general meeting and grounds for passing relevant resolutions
  7. On considering the draft Regulation on Acron Board of Directors as amended.
With regard to profit distribution and dividend payment, the Board of Directors recommended that the annual general meeting pay (declare) dividends on Acron outstanding ordinary shares for 2019 in cash at the rate of three hundred and seventy-six roubles (RUB 376) per share. In view of interim dividends for 9M 2019 that have been paid earlier at the rate of one hundred and one roubles (RUB 101) per share, the dividends shall be paid at the rate of two hundred and seventy-five roubles (RUB 275) per share.

The Board of Directors also proposed to set a record date for persons entitled to dividends for 9 June 2020.

All the information to be provided to persons entitled to attend the shareholder meeting will be available on the corporate website, a shareholder’s personal account at, and submitted to the central depositary not later than 8 May 2020. It will also be available at the Company’s offices.