MMC Norilsk Nickel (MNOD)
NORNICKEL ANNOUNCES THAT MAXIM POLETAEV AND NIKOLAY ABRAMOV CEASE TO BE
INDEPENDENT DIRECTORS
07-Jul-2020 / 18:25 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
7 July 2020
Public Joint Stock Company «Mining and Metallurgical Company «NORILSK
NICKEL» (PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company")
NORNICKEL ANNOUNCES THAT MAXIM POLETAEV AND NIKOLAY ABRAMOV CEASE TO BE
INDEPENDENT DIRECTORS
Moscow, July 7, 2020 - Nornickel, the world's largest producer of palladium
and high-grade nickel and a major producer of platinum and copper, announces
that its Directors Maxim Poletaev and Nikolay Abramov have ceased to be
independent directors on the Board.
In accordance with the Company's Articles of Association, listing rules of
the Moscow Exchange and the recommendations of the Code of the Corporate
Governance, Maxim Poletaev and Nikolay Abramov have ceased to meet
independent director criteria of the Board of Directors of Norilsk Nickel
following their respective recent appointments to managerial positions at UC
Rusal, a 27% shareholder of Nornickel.
Therefore, currently there are six independent directors remaining on the
Board of Norilsk Nickel: Gareth Penny, Sergey Bratukhin, Sergey Volk, Roger
Munnings, Robert Edwards and Evgeny Shvarts out of total 13 directors.
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.: 74338
EQS News ID: 1088587
End of Announcement EQS News Service
(END) Dow Jones Newswires
July 07, 2020 11:25 ET (15:25 GMT)
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