MMC Norilsk Nickel (MNOD)
NORNICKEL BOARD OF DIRECTORS DECIDES TO HOLD AGM IN ABSENTIA AND RECOMMENDS
FINAL DIVIDEND FOR FY 2019
07-Apr-2020 / 16:30 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
April 7, 2020
Public Joint Stock Company «Mining and Metallurgical Company «NORILSK
NICKEL» (PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company") the
world's largest of palladium and high-grade nickel and a major producer of
platinum and copper.
NORNICKEL BOARD OF DIRECTORS DECIDES TO HOLD AGM IN ABSENTIA AND RECOMMENDS
FINAL DIVIDEND FOR FY 2019
Moscow - The Nornickel Board of Directors has decided to hold the Annual
General Meeting of shareholders (AGM) this year in absentia. This decision
was made in support of measures taken to prevent the spread of COVID-19 in
accordance with the Article 2 of the Russian Federal Law ?50 from March 18,
2020.
The AGM will be held on 13 May 2020. The AGM record date has been set on 20
April 2020.
The Board of Directors has recommended for the AGM approval the final
dividend for the financial year 2019 in the amount of RUB 557.2 per ordinary
share (approximately USD 7.3 at the RUB/USD exchange rate set by the Russian
Central Bank as of April 7, 2020). The final dividend will amount to a total
of RUB 88.2 bn (approximately USD 1.2 bn at the RUB/USD exchange rate set by
the Russian Central Bank as of April 7, 2020). The total dividend
distribution for the FY 2019 will amount to USD 4.8 bn, including the
interim dividends for six and nine months of 2019 which have been already
paid to shareholders (for a total amount of approximately USD 3.6 bn). The
Board of Directors has proposed to set the dividend record date on 25 May
2020.
The Board of Directors has approved the Board and the Company's Audit
Commission nominations for the AGM vote on 13 May 2020.
The nominations to the Board of Directors are as follows:
· Alexey Bashkirov, Senior Vice President, Nornickel
· Evgeny Shvarts, Member of the Board of the Charity Foundation,
Biodiversity Conservation Centre (BCC)
· Gareth Penny, Non-Executive Chairman of the Board of Directors, Edcon
Holdings Limited, Ninety One Plc and Ninety One Ltd.; member of the Board
of Directors, Amulet Diamond Corp.
· Marianna Zakharova, First Vice President, member of the Management
Board, Nornickel
· Maxim Poletaev, Advisor to the President, Sberbank of Russia
· Nikolay Abramov, Member of the Board of Directors, PJSC Seligdar
· Robert Edwards, Principal, Highcross Resources Ltd.; Member of the Board
of Directors, Chaarat Gold Holdings Ltd, Director, Scriptfert New Zealand
Ltd (pvt)
· Roger Munnings, Independent director, PJSC LUKoil, PJFC Sistema
· Sergey Batekhin, CEO, INTERROS Holding Company LLC
· Sergey Barbashev, First Vice President, member of the Management Board,
Nornickel
· Sergey Bratukhin, President, Invest AG LLC
· Sergey Volk, Senior banker, Sberbank of Russia
· Vyacheslav Solomin, Deputy CEO - Executive Director, branch of a Private
Limited Liability Company EN+ Holding Limited
The new Board of Directors will comprise 13 directors, 8 of which are
independents.
The nominations to the Audit Commission are as follows:
· Alexey Dzybalov, Manager, CJSC RUSAL Global Management B.V.
· Anna Masalova, Financial Director, Pizza Restaurants LLC
· Elena Yanevich, CEO, Interpromlising LLC
· Georgiy Svanidze, Director of Financial Department, INTERROS Holding
Company LLC
· Vladimir Shilkov, CEO, Invest AG LLC
The AGM agenda and shareholder materials will be made available on Nornickel
website [1] in due course.
This announcement contains inside information in accordance with Article 7
of EU Regulation 596/2014 of 16 April 2014.
Full name and position of person making the announcement - Vladimir Zhukov,
Vice - president, Investor Relations
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 Group are 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, ADRs are traded over the counter in the US
and on the London, Berlin and Frankfurt 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: MSCH
TIDM: MNOD
Sequence No.: 57013
EQS News ID: 1017471
End of Announcement EQS News Service
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(END) Dow Jones Newswires
April 07, 2020 09:30 ET (13:30 GMT)
