The shareholder meeting approved Acron Annual Report, accounting (financial) statements for 2019, Regulation on the Board of Directors as amended, and recommendations of the Board of Directors regarding profit and loss distribution. The meeting resolved to declare 2019 cash dividends on Acron outstanding ordinary shares at the rate of RUB 376 per share. Considering previously paid interim 9M 2019 dividends of RUB 101 per share, the Company will pay dividends of RUB 275 per share. The record date is set for 9 June 2020.
The shareholders elected the Company’s Board of Directors as follows:
- Nikolai Arutyunov
- Vladimir Gavrikov
- Georgy Golukhov
- Alexander Dynkin
- Yury Malyshev
- Alexander Popov
- Vladimir Sister
Three independent directors will sit on the elected Board of Directors, namely Yury Malyshev, Vladimir Sister and Nikolai Arutyunov, who was named senior independent director. The shareholder meeting also set the amount of remuneration to independent Board of Directors members.
The shareholder meeting also approved:
- Crowe Russaudit as the auditor to approve accounting (financial) statements prepared in accordance with accounting laws of the Russian Federation
- KPMG as the auditor to approve financial statements prepared in accordance with the International Financial Reporting Standards (IFRS).
At the meeting of the elected Board of Directors following the annual shareholder meeting, Alexander Popov was elected Chairman of the Board of Directors, Vladimir Gavrikov was elected Deputy Chairman of the Board of Directors, and Vladimir Kunitsky was appointed CEO. The Board of Directors also formed the Acron’s Managing Board consisting of Vladimir Kunitsky (Chairman), Vice President for Finance and Economics Dmitry Balandin, Finance Director Alexey Milenkov, Vice President for HR and Special Projects Irina Raber, Vice President Overseas Dmitry Khabrat, and Vice President for Domestic Business and Agricultural Projects Alexander Lebedev.