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MMC Norilsk Nickel (MNOD)
MMC Norilsk Nickel: COMMENT FROM NORNICKEL REGARDING LEGAL PROCEEDINGS
BETWEEN ITS SHAREHOLDERS
19-Feb-2018 / 08:20 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
19 February 2018
COMMENT FROM NORNICKEL REGARDING LEGAL PROCEEDINGS BETWEEN ITS SHAREHOLDERS
Moscow - PJSC MMC Norilsk Nickel ("Norilsk Nickel" or the "Company"), the
world's largest refined nickel and palladium producer, announces that it has
been informed that on February 16, 2018 a hearing on an application for an
injunction brought by the Company's shareholder, UC Rusal Plc ("Rusal") in
the High Court in London against Crispian Investments Limited ("Crispian")
and Whiteleave Holdings Limited ("Whiteleave"), the Company's shareholders,
in connection with the sale of shares in the Company from Crispian to
Whiteleave and Rusal, was adjourned to a later date.
The Company is not a party to these proceedings and its day-to-day
operations are not affected. However, the court directed that Rusal should
compensate all losses that the Company may suffer because of the relevant
court order.
ABOUT THE COMPANY
PJSC «MMC NORILSK NICKEL» is a diversified mining and metallurgical company,
the world's largest producer of refined nickel and palladium and a leading
producer of platinum, cobalt, copper and rhodium. The company also produces
gold, silver, iridium, selenium, ruthenium and tellurium.
The production units of «NORILSK NICKEL» Group are located at the Norilsk
Industrial District, on the Kola Peninsula and Chita region in Russia as
well as in Finland and South Africa.
PJSC «MMC «NORILSK NICKEL» shares are listed on the Moscow and on the
Saint-Petersburg Stock Exchanges. PJSC «MMC «NORILSK NICKEL » ADRs trade
over the counter in the US and on the London and Berlin Stock Exchanges.
Media Relations: Investor Relations:
Phone: +7 (495) 785 58 00 Phone: +7 (495) 786 83 20
Email: pr@nornik.ru Email: ir@nornik.ru
ISIN: US55315J1025
Category Code: MSCU
TIDM: MNOD
Sequence No.: 5217
End of Announcement EQS News Service
655341 19-Feb-2018
(END) Dow Jones Newswires
February 19, 2018 02:20 ET (07:20 GMT)
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