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News Article | May 16, 2017
Site: globenewswire.com

Acron Board of Directors has resolved to convene its annual general meeting on 22 June 2017 at 9:30 am at Acron Cultural Centre (22a Lomonosov Street, Veliky Novgorod, Russian Federation). The Board of Directors considered matters related to the annual general meeting preparation and approved its agenda as follows: The record date for the annual general meeting is 29 May 2017 (end of business day). All the information to be provided to persons entitled to attend the shareholder meeting will be made available on the corporate website and submitted to the central depositary not later than on 01 June 2017. It will also be available at the Company's offices. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | May 23, 2017
Site: globenewswire.com

At its meeting on 23 May 2017, Acron Board of Directors recommended that the annual general meeting declare dividends of RUB 250 per outstanding ordinary share for 2016. Taking into account the dividends paid earlier for H1 2016 in the amount of RUB 155 per share, the Board of Directors recommends paying dividends of RUB 95 per share. The Board of Directors proposed to set a record date for persons entitled to dividends for 11 July 2017. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | May 26, 2017
Site: globenewswire.com

Acron (LSE: AKRN) will release its IFRS financial results for Q1 2017 on Tuesday, May 30, 2017 at 11 a.m. (Moscow time). Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | April 28, 2017
Site: globenewswire.com

Acron (Moscow Exchange and LSE: AKRN) has released draft 2016 Annual Report on its website http://www.acron.ru/en/. To comply with the Russian law, the draft is subject to approval by the annual general meeting. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | April 26, 2017
Site: globenewswire.com

Change of Stake in Acron's Authorised Capital Held by a Member of Its Management Body Member of Acron Management Board Ivan Antonov increased his shareholding in Acron, bringing up his stake in Acron's authorised capital to 0.0818% from 0.0809%. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | April 26, 2017
Site: globenewswire.com

*    Commercial output is output less in-house consumption. **  Excluding Hongri Acron output (due to sale of the plant in 2016) Chairman of Acron's Board of Directors Alexander Popov comments:  "In Q1 2017, commercial output of mineral fertilisers and ammonia was up an amazing 25%. The Group's total output of its core commercial products was 1,773 kt, up 17.8% year-on-year. "Output increased mainly due to the operation of the new ammonia unit, commissioned in 2016 at Acron's production site in Veliky Novgorod. Moreover, Dorogobuzh upgraded its AN and NPK units in 2016, which led to record high production of these products in Q1 2017, both for Dorogobuzh and the Group. The significant increase in bulk blends output was due to production diversification and alignment with changing market needs. Production of apatite concentrate at the Oleniy Ruchey mine was down due to extensive overburden rock removal in the reporting period. Novgorod-based Acron increased commercial output 29.8% year-on-year, and commercial output at Dorogobuzh was up 9.7%. "We are successfully utilising the production potential of our new capacity, and we are confident that our output numbers will continue on a growth trend". In early 2017, urea prices continued to rise due to high seasonal demand. In February 2017, prices reached USD 260 FOB Baltic Sea Ports. Chinese producers increased capacity utilisation to 60%, against 50% at the beginning of the year. As a result, Chinese exports increased just as spring sowing orders began to wind down, causing prices to fall back to USD 210 FOB Baltic Sea Ports in April. It should be noted that prices remain high for coal, which is the main input for urea production in China, which makes most of the country's urea producers unprofitable. As a result, we expect a decrease in Chinese capacity utilisation during the following months, which will support urea prices above USD 200 FOB China. Prices for premium nitrogen products like AN and UAN also increased in Q1 2017 due to strong seasonal demand and the upward trend for urea, which is the base product. The AN premium remained high, while the UAN premium was still under pressure from the commissioning of new capacity in the United States and increased production. In Q1 2017, NPK prices started to recover after a decline in 2016 due to higher prices for base products and strong seasonal demand. Premiums above the basket of products remained flat. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | May 4, 2017
Site: globenewswire.com

Acron Signs a Five-year Syndicated Structured Pre-export Finance Facility for up to US$ 750 Million Acron Group has announced that on 3 May 2017 it executed a five-year syndicated structured pre-export finance facility for up to USD 750 million with a club of relationship banks. The agreement is governed by English law. The facility will be utilised for refinancing of the outstanding balance (US$ 468.2 million) under syndicated structured pre-export finance facility dated 30 December 2014 and for general corporate purposes. Coordinating Mandated Lead Arrangers and Bookrunners under the facility are Commerzbank Aktiengesellschaft, Filiale Luxemburg, Crédit Agricole Corporate & Investment Bank, ING Bank N.V., Nordea Bank AB (publ), PJSC ROSBANK, Sberbank of Russia, Société Générale S.A. and AO UniCredit Bank; joined by Credit Suisse AG, Zurich and HSBC Bank plc. as Mandated Lead Arrangers and Bookrunners, Intesa Sanpaolo Bank Luxembourg S.A. as Mandated Lead Arranger and Joint-Stock Commercial Bank BANK OF CHINA (RUSSIA) and BANK ICBC (JSC) as Lead Arrangers. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | June 26, 2017
Site: globenewswire.com

Changes in the List of Persons Entitled to Control Votes Attached to Shares Acron (ticker AKRN on the Moscow Exchange and the London Stock Exchange) has been informed about changes in the list of persons exercising direct and indirect control over votes attached to shares in the Company. On 19 June 2017, Norka Investments S.à r.l., which previously held 15.60% of shares in Acron, terminated its participation in the Issuer. In turn, Redbrick Investments S.à r.l., which previously had direct and indirect control over 72.09% of votes attached to the shares in Acron, obtained direct and indirect control over 87.69% of votes (including quasi-treasury stock). According to information received by Acron Group, after the above-mentioned changes, the Group's ultimate controlling shareholder remained the same. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | June 23, 2017
Site: globenewswire.com

The shareholder meeting approved Acron's 2016 Annual Report, accounting (financial) statements and profit and loss distribution. Acron's RAS net profit for 2016 was RUB 11,078,345,000. The shareholders resolved to declare 2016 dividends at the rate of RUB 250 per allocated ordinary share. Due to prior payment of interim dividends for H1 2016 at the rate of RUB 155 per share, dividends shall be paid at the rate of RUB 95 per share. The total amount of dividends is RUB 10,133,500,000 or 40% of 2016 IFRS net profit. The record date is set for 11 July 2016. The shareholders elected Acron's Board of Directors as follows: Three independent directors will sit on the newly elected Board of Directors - Yury Malyshev, Vladimir Sister and Nikolai Arutyunov, who was named senior independent director. The general meeting also set the amount of remuneration to independent members of Acron's Board of Directors. Along with that, the shareholder meeting approved: ·           Baker Tilly Russaudit as the auditor to approve accounting (financial) statements prepared in accordance with the accounting laws of the Russian Federation ·           KPMG as the auditor to approve financial statements prepared in accordance with the International Financial Reporting Standards (IFRS). The general meeting elected the internal audit team consisting of Valentina Aleksandrova, Irina Dudicheva, Elena Zubrilova, Elena Potapova and Tatiana Khrapova. At the subsequent meeting of the newly elected Board of Directors Alexander Popov was elected Chairman of the Board of Directors, Vladimir Gavrikov was elected Deputy Chairman of the Board of Directors, Vladimir Kunitsky was appointed CEO. The Board of Directors also formed the Managing Board consisting of Vladimir Kunitsky (Chairman of the Managing Board), CEO Adviser Ivan Antonov, Senior Vice President Oscar Valters, Finance Director Alexey Milenkov, Vice President for HR and Special Projects Irina Raber and Vice President Overseas Dmitry Khabrat. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | June 14, 2017
Site: globenewswire.com

Change of Stake in Acron's Authorised Capital Held by a Member of Its Management Body Member of Acron Management Board Ivan Antonov increased his shareholding in Acron, bringing up his stake in Acron's authorised capital to 0.0841% from 0.0818%. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.

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