MMC Norilsk Nickel (MNOD)
SHAREHOLDERS OF NORNICKEL APPROVED THE FINAL DIVIDEND FOR THE FY 2019
14-May-2020 / 18:30 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
May 14, 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.
SHAREHOLDERS OF NORINICKEL APPROVED THE FINAL DIVIDEND FOR THE FY 2019
Moscow - Shareholders of Nornickel held the Annual General Meeting (AGM) in
absentia on May 13, 2020. The AGM approved 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 date when the Board of Directors made
a recommendation on the final dividend). 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 dividend record date has been set on 25 May 2020.
The AGM also elected the Board of Directors and the Internal Audit
commission.
The Board of Directors
· Gareth Penny
· Alexey Bashkirov
· Evgeny Shvarts
· Marianna Zakharova
· Maxim Poletaev
· Nikolay Abramov
· Robert Edwards
· Roger Munnings
· Sergey Batekhin
· Sergey Barbashev
· Sergey Bratukhin
· Sergey Volk
· Vyacheslav Solomin
The Audit ?ommission
· Alexey Dzybalov
· Anna Masalova
· Elena Yanevich
· Georgiy Svanidze
· Vladimir Shilkov
Additionally, the shareholders approved the annual report for 2019, RAS
accounts, the consolidated financial statements in accordance with IFRS for
2019 and approved JSC KPMG as the auditors for 2020 RAS accounts and IFRS
consolidated financial statements. The shareholders voted in favor of all
the other items of the AGM agenda.
AGM materials and voting results available on Nornickel website. [1]
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.: 63911
EQS News ID: 1045691
End of Announcement EQS News Service
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(END) Dow Jones Newswires
May 14, 2020 11:30 ET (15:30 GMT)
