OJSC MMC Norilsk Nickel
OJSC MMC Norilsk Nickel
08/20/2021 | Press release | Distributed by Public on 08/20/2021 07:01
Nornickel’s shareholders approved reduction of the authorized capital of the Company
Moscow, August 20, 2021 - MMCMining and Metallurgical CompanyPublic Joint Stock Company 'Mining and Metallurgical Company 'Norilsk Nickel'Go to the glossaryGo to the glossaryNorilsk Nickel ( further 'NornickelPublic Joint Stock Company 'Mining and Metallurgical Company 'Norilsk Nickel' and its subsidiariesGo to the glossary' or 'the Company'), the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces that its shareholders approved the reduction of the authorized capital of the Company by cancelling shares repurchased during the buyback programme.
On August 19, 2021, the Extraordinary meeting of shareholders adopted a resolution to reduce the authorized capital of MMC Norilsk Nickel by RUB 4,590,852 to RUB 153,654,624 by cancelling 4,590,852 repurchased ordinary shares of the Company with a par value of RUB 1.
In June 2021, the Company completed share buyback, having repurchased from shareholders 5,382,079 ordinary shares. Remaining repurchased shares in the amount of 791,227 are expected to be used for the employees incentive purposes
ABOUT THE COMPANY
MMC Norilsk Nickel is a diversified mining and metallurgical company, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, sulphur and other products.
The production units of Norilsk Nickel GroupPublic Joint Stock Company 'Mining and Metallurgical Company 'Norilsk Nickel' and its subsidiariesGo to the glossaryare located at the Norilsk Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia as well as in Finland and South Africa.
MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRAmerican Depositary Receipt; a security representing partial ownership in deposited securities of a foreign company certified by receipts issued by a US depositary bankGo to the glossarys are traded over the counter in the US and on the London, Berlin and Frankfurt Stock Exchanges.