Cherkizovo Group’s Board Recommended to Pay Dividends
A meeting of the Board of Directors of Cherkizovo Group meeting was held on September 11, 2014, and a decision to call an extraordinary general meeting of shareholders was made. The EGM will be held on November 10, 2014. Payment of dividends will be discussed during the meeting. The Board recommended that the EGM vote for a dividend payment of RUB 1,514,264,391, or RUB 34.44 per ordinary share.
Sowing of Winter Crops Picks Up Speed
The 2014 harvest campaign is not yet over, but it is already time for the 2015 sowing season: Cherkizovo Group is sowing winter crops in Voronezh, Lipetsk, Moscow, and Orel Regions. The work is progressing faster than it did last year, and grain crops have already been sowed on 18,000 ha; the total sowing area is 28,000 ha.
Cherkizovo Group Will Substantially Increase Production in Voronezh Region
Cherkizovo Group plans to substantially increase the production of poultry and pork in Voronezh Region by investing nearly 4 billion rubles in business development. Chairman of the Board of Directors of Cherkizovo Group Igor Babaev made this announcement during a working meeting with Governor of Voronezh Region Alexei Gordeev.
Tambovskaya Turkey project Continues to Grow
Chairman of Cherkizovo Group Board of Directors Igor Babaev, First Deputy Governor of Tambov Region Alexander Dubovik, and the owners of the Spanish company Grupo Fuertes visited the construction site of JV Tambov Turkey in the region’s Pervomaisky District.