On 11 August 2021, Acron’s Board of Directors approved the report on shares tendered to Acron by its shareholders.
The total number of the tendered shares was 3,776,844 or 9.32 % of Acron’s charter capital, including all 3,347,146 quasi-treasury shares tendered by Acron’s subsidiaries. This means that once the share buyback is complete, Acron Group will no longer have quasi-treasury shares.
The repurchased shares shall be paid on or before 21 August 2021.
Chairman of Acron’s Board of Directors Alexander Popov commented on the results: ‘As part of our ESG strategy and in compliance with the Corporate Governance Code and international best practices, we are streamlining Acron’s corporate structure and removing its quasi-treasury shares. Decision on the future of the resulting treasury stock will be made later. Russian law requires that it be cancelled or sold within one year’.