In 2012, Acron approved its new Dividend Policy Provisions. The goal of the revised Dividend Policy is to establish a transparent and easy to understand tool for calculating and paying shareholders’ dividends. The new Policy also outlines the strategy the Board of Directors shall pursue when developing recommendations about the amount of dividends and the conditions and procedures for their payment.
The Company’s Dividend Policy is based on the following guiding principles: a balance of interests between the Company and its shareholders in determining the amount of dividend payment; improvement of the Company’s attractiveness to investors and its capitalisation; and respect for and strict observance of shareholders’ rights under Russian law, the Company Charter and its internal regulations.
Pursuant to the Dividend Policy Provisions approved by the Board of Directors, the amount of dividends shall be no less than 30% of the Company’s IFRS net profit. The Company will pay dividends at least twice each fiscal year.
History of Acron’s Dividend Payments
GSM type and date | Reporting period | BoD recommendation date | Record date | Dividends per ordinary share (Rub) | Declared dividends (RUB '000) |
---|---|---|---|---|---|
AGM
9 June 2023 | 2022 | 18 May 2023 | Resolution passed by AGM on 9 June 2023 on payment (declaration) of dividends for 2022 upon recommendation of Acron Board of Directors: Not to distribute profit for 2022, not to pay and not to declare dividends on ordinary shares. | ||
AGM
27 May 2022 | 2021 | 4 May 2022 | Resolution passed by AGM on 27 May 2022 on payment (declaration) of dividends for 2021 upon recommendation of Acron Board of Directors: Not to pay and not to declare dividends for 2021 (excluding the dividends paid for 9M 2021). | ||
EGM
25 February 2022 | Not applicable* | 3 February 2022 | 9 March 2022 | 240 | 8,821,717 |
EGM
3 December 2021 | M9 2021 | 11 November 2021 | 14 December 2021 | 720 | 26,465,152 |
EGM
29 September 2021 | Not applicable* | 7 September 2021 | 11 October 2021 | 30 | 1,102,715 |
AGM
28 May 2021 | 2020 | 05 May 2021 | 08 June 2021 | 30 | 1,216,020 |
AGM
29 May 2020 | 2019 | 07 May 2020 | 09 June 2020 | 376 (incl. intermediate dividends) | 15,240,784 |
EGM
03 April 2020 | Not applicable* | 12 March 2020 | 14 April 2020 | 157 | 6,363,838 |
EGM
29 November 2019 | M9 2019 | 6 November 2019 | 11 December 2019 | 101 | 4,093,934 |
AGM
30 May 2019 | 2018 | 7 May 2019 | 11 June 2019 | 135 | 5,472,090 |
EGM
1 March 2019 | Not applicable* | 15 February 2019 | 22 March 2019 | 130 | 5,269,420 |
EGM
19 October 2018 | Not applicable* | 27 September 2018 | 30 October 2018 | 40 | 1,621,360 |
AGM
31 May 2018 | 2017 | 8 May 2018 | 14 June 2018 | 185 | 7,498,790 |
EGM
2 January 2018 | Not applicable*
| 21 December 2017 | 23 January 2018 | 112 | 4,539,808 |
EGM
8 September 2017 | Not applicable* | 17 August 2017 | 26 September 2017 | 235 | 9,525,490 |
AGM 22 June 2017 | 2016 | 23 May 2017 | 11 July 2017 | 250 (incl. intermediate dividends) | 10,133,500 |
EGM
9 September 2016 | H1 2016 | 18 August 2016 | 20 September 2016 | 155 | 6,282,770 |
AGM
26 May 2016 | 2015 | 25 April 2016 | 14 June 2016 | 180 | 7,296,120 |
AGM
21 May 2015 | 2014** | 20 April 2015 | 2 June 2015 | 139 | 5,634,226 |
AGM
29 May 2014 | 2013*** | 28 April 2014 | 9 June 2014 | 152 | 6,161,168 |
AGM
30 May 2013 | 2012 | 26 April 2013 | 11 April 2013 | 110 (incl. intermediate dividends) | 4,456,152 |
EGM
19 December 2012 | M9 2012 | 8 November 2012 | 12 November 2012 | 46 | 1,861,976 |
AGM
28 June 2012 | 2011 | 25.05.2012 | Acron annual general meeting on 28 June 2012 resolved not to pay (declare) dividends from 2011 profit. | ||
EGM
24 November 2011 | M9 2011 | 3 November 2011 | 1 September 2011 | 129 | 6,151,700 |
AGM
26 May 2011 | 2010 | 25 April 2011 | 8 April 2011 | 40 | 1,875,234 |
AGM
27 May 2010 | 2009 | 26 April 2010 | 09 April 2010 | 25 | 1,192,190 |
** On 21 May 2015, Acron annual general meeting resolved not to pay dividends on Acron ordinary shares from 2014 profit. It was resolved to pay (declare) dividends from Acron’s retained earnings for previous years.
*** On 29 May 2014, Acron annual general meeting resolved not to pay dividends on Acron ordinary shares from 2013 profit. It was resolved to pay (declare) dividends from Acron’s retained earnings for previous years.