Nornickel Board of Directors decides to hold AGM in absentia and recommends final dividend for FY 2019

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: [phone] Phone: [phone] 
 
                                     Email: [e-mail] Email: [e-mail] 
 
ISIN:          US55315J1025 
Category Code: MSCH 
TIDM:          MNOD 
Sequence No.:  57013 
EQS News ID:   1017471 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=71ed7aa56ee9a852a669576aee698f06&application_id=1017471&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

April 07, 2020 09:30 ET (13:30 GMT)