The total number of Shares in accordance with the Company’s Articles of Association — 15 286 339 700 shares.
Nornickel’s shares are traded on the Moscow Exchange under the ticker symbol GMKN.
Information about the current market price of Nornickel’s shares can be found on the
Shares are generally bought and sold on stock exchanges through professional securities market participants: brokers and investment companies.
Information on the share of real estate owned by Nornickel directly or indirectly in the Russian Federation is available
American Depositary Receipts (ADRs) are derivative securities evidencing an ownership interest in American Depositary Shares, which, in turn, represent an interest in the Company’s ordinary shares. ADRs and American Depositary Shares representing an interest in Nornickel’s shares are issued by The Bank of New York Mellon, a U.S. depositary bank.
Since the ADRs split on 19 February 2008, each ADR has represented one tenth of one ordinary share of Nornickel.
Until March 2022, the ADRs were traded on the U.S. OTC market and in the electronic trading system of the OTC sections of the London, Berlin and Frankfurt stock exchanges They were also included in the FTSE Russia IOB index of the London Stock Exchange.
The Company holds its Annual General Meeting (AGM) once a year, three to six months after the end of the Company’s reporting year. The AGM is convened by the Board of Directors of the Company as per Clause 6.2 of Nornickel’s Articles of Association.
Any General Meeting of Shareholders other than the AGM is called an Extraordinary General Meeting (EGM). An EGM may be convened by the Company’s Board of Directors upon its own initiative or upon the request of the Audit Commission, the Company’s auditor, or shareholder(s) owning at least 10% of voting shares in the Company as of the date the request is submitted (as per Clause 6.10 of the Articles of Association).
An EGM convened upon the request of the Audit Commission, the Company’s auditor, or shareholder(s) owning at least 10% of voting shares in the Company will be held within 40 days of the request date. Should the proposed agenda include the election of members of the Board of Directors, the EGM will be held within 75 days of the request date (as per Clause 6.12 of the Articles of Association).
The list of persons entitled to attend a General Meeting of Shareholders is based on the Company’s shareholder register. The Board of Directors of the Company approves the record date for the meeting. It may be set no earlier than 10 days after the Board of Directors’ decision to convene a General Meeting and at least 25 days prior to the date of the General Meeting. In cases governed by Clause 2, Article 53 of the Federal Law On Joint Stock Companies, the date must be set at least 55 days prior to the date of the Meeting.
The convocation notice of each General Meeting and the date the list of individuals entitled to attend the General Meeting is drafted will be published on the
Notice of the General Meeting will be published on the MMC Norilsk Nickel website (
In cases governed by Clauses 2 and 8, Article 53 of the above-mentioned Federal Law, the General Meeting will be announced no later than 50 days prior to its convocation day.
The right to attend a General Meeting of Shareholders can be exercised by a shareholder either in person or through a proxy acting under a properly executed power of attorney.
Full information on how you can vote at each specific General Meeting of Shareholders is provided in the convocation notice of the General Meeting of Shareholders, which is uploaded to the MMC Norilsk Nickel website
Voting at the Meeting is held by ballot. At least 20 days prior to the Meeting, voting ballots are sent by recorded delivery to each person listed on the Company’s shareholder register and entitled to attend.
Those entitled to attend the Meeting but who are not registered in the Company’s shareholder register may send voting instructions to entities maintaining shareholder records in accordance with applicable Russian securities law. The receipt of such instructions by the Company’s registrar shall be equivalent to voting by ballot.
Shareholders are considered to have attended in the Meeting if they complete the registration procedure, if their ballots are received, or if their electronic ballots are completed on the website specified in the notice within the timeframe stipulated by the applicable Federal Law.
Shareholders are considered to have attended a Meeting held by absentee voting if their ballots are received or if their electronic ballots are completed on the website specified in the convocation notice of the Meeting before the ballot deadline.
Shareholders are also considered to have attended the Meeting if they send voting instructions to entities maintaining shareholder records in accordance with applicable Russian securities law, provided that these voting instructions are received no later than two days prior to the date of the Meeting or the ballot deadline in the event of a Meeting held by absentee voting.
MMC Norilsk Nickel shareholders (individuals and legal entities listed on Nornickel’s shareholder register as well as those owning shares via nominee holders) may attend the General Meeting of Shareholders by e-voting on their personal accounts (if the Board of Directors decides to allow this when planning the General Meeting of Shareholders).
In order to access your personal account, you must first contact the head office or one of the branches of our registrar (IRC — R.O.S.T.).
For more details on accessing your personal account and its terms of use, please see
The Company may decide to pay (declare) a dividend on outstanding shares based on its results for the first quarter, six months, or nine months of the financial year and/or for the full financial year.
A resolution to pay (declare) a dividend for the first quarter, six months, or nine months of the financial year may be passed up to three months after the end of the respective period (as per Clause 1, Article 42 of the Federal Law On Joint Stock Companies).
The General Meeting of Shareholders passes each resolution to pay (declare) a dividend. This resolution specifies the amount of the dividend for each category (type) of share, how the dividend will be paid, the non-cash dividend payout procedure, and the date of record. The date of record is set exclusively by a proposal made by the Board of Directors (the Supervisory Board) of the Company (as per Clause 3, Article 42 of the Federal Law On Joint Stock Companies).
The dividend paid may not exceed the amount recommended by the Board of Directors (the Supervisory Board) of the Company (as per Clause 4, Article 42 of the Federal Law On Joint Stock Companies).
Dividends are paid to shareholders as at the close of business on the date of record set by the General Meeting of Shareholders passing the dividend resolution (as per Clause 7, Article 42 of the Federal Law On Joint Stock Companies).
This date will be set no earlier than 10 days and no later than 20 days after the date the dividend is declared (as per Clause 5, Article 42 of the Federal Law On Joint Stock Companies).
Dividends will be paid to nominee shareholders or trustees acting as professional participants of the securities market listed on the shareholder register within 10 business days of the date of record, while dividends to other persons listed on the shareholder register will be paid within 25 business days of the date of record (as per Clause 6, Article 42 of the Federal Law On Joint Stock Companies).
Those who do not receive declared dividends due to the Company or registrar lacking accurate and necessary address / banking details or due to any other delay caused by the creditor, may claim any unclaimed dividends within three years of the declaration date. Beyond this period any declared but unclaimed dividends are recovered as part of the undistributed profit of the Company and there will be no obligation to pay them (as per Clause 9, Article 42 of the Federal Law On Joint Stock Companies).
Dividends payable in cash to individuals whose share rights are recorded on the Company’s shareholder register are paid via bank transfer using the bank account details held by the Company’s registrar. If the registrar does not hold such details, payment will be made via postal transfer. Payments to other persons whose share rights are recorded on the Company’s shareholder register are made via bank transfer. The Company’s obligation to pay dividends to such persons is considered fulfilled from the date of receipt of the money transfer by the federal postal service or from the date of receipt of funds by your listed credit institution. If the details listed are those of a credit institution, the money will be transferred to its account (as per Clause 8, Article 42 of the Federal Law On Joint Stock Companies).
There are benefits to receiving your dividends via bank transfer, for example:
In order to receive your dividends without delay, we recommend you keep your accounts in the shareholder register up to date with any changes to the following: preferred means of receiving dividends (via post or bank transfer), banking details, address, name, ID, or other details.
To make changes to your account in the shareholder register, please contact IRC — R.O.S.T., the Company’s registrar, either by mail or in person at their head office or branches / representative offices (all details are listed on the
Shareholders whose rights are accounted for by a depository will receive their dividend payment in cash through their depository. The depository agreement between the depository recording the share rights and the depositor will specify the procedure for transferring dividends to the depositor (as per Clause 1, Article 8.7 of the Federal Law On the Securities Market).
In cases when ownership rights are confirmed by securities of a foreign issuer, dividends will be paid to the person holding the securities account of a depository programme (as per Clause 8, Article 8.4 of the Federal Law On the Securities Market).
For us to make a second attempt at sending your dividend, please update the details of the person listed on the shareholder register and submit a new personal details form with the updated payment details (postal/bank transfer), supporting documentation, and a dividend repayment letter containing the full name, passport or other ID details, and address to IRC — R.O.S.T., MMC Norilsk Nickel’s registrar.
Should the details of the person listed on the shareholder register change, please submit the documents listed on the
The personal details form with supporting documentation and the dividend repayment letter may be submitted either by mail or in person to IRC — R.O.S.T.’s head office, or in person to their branches / representative offices (further details can be found on the
In this situation, we recommend you double check your bank details with your bank. If your bank details have changed, the details of the person listed on the shareholder register should be updated accordingly. To do this, please submit a new personal details form with the updated dividend payment details, supporting documentation, and a dividend repayment letter containing the person’s full name, passport or other ID details, and address to IRC — R.O.S.T., MMC Norilsk Nickel’s registrar.
To update the details of the person listed on the shareholder register, please submit the documents listed on the
The personal details form with supporting documentation and the dividend repayment letter may be submitted either by mail or in person to IRC — R.O.S.T.’s head office, or in person to their branches / representative offices (further details can be found on the
Shareholders whose rights are accounted for by a depository should contact their depository if they do not receive their dividend payment.
To receive a statement of income and amounts of personal tax withheld from dividends, shareholders of MMC Norilsk Nickel listed on the register should fill in an application as per the
Shareholders whose rights are accounted for by a depository should contact their depository to receive this statement.
Please note that if your personal details have changed or if the personal details form previously submitted to the registrar contains incomplete data, failure to submit an updated form to the registrar at the same time as the above application may:
The specifics of payment of personal income tax on income from a participating interest in an organisation are set out in Article 214 of the Tax Code of the Russian Federation (the RF Tax Code). Regarding income from dividends on shares in a Russian organisation, a person recognised as a tax agent under the RF Tax Code must calculate the amount of tax for each separate taxpayer for each payment of said income at the rate stipulated by the RF Tax Code (Article 275), and should withhold and remit proper amount due when the dividend is paid. The tax rate is set at 13% for income from a participating interest in organisations received in the form of dividends by individuals who are tax residents of the Russian Federation (as per Article 224 of the RF Tax Code). The tax rate is set at 15% for income from a participating interest in organisations received in the form of dividends by individuals who are not tax residents of the Russian Federation (as per Article 224 of the RF Tax Code).
To receive dividends returned by a nominee holder or if you are a former client of a nominee holder whose licence as a professional market participant has been revoked, you should submit the relevant
If an ID has been re-issued, the registrar should be provided with a certificate issued by the authority that re-issued it, or a copy of the new ID with a stamp bearing the details of the former document. The said copy must be duly certified (if you do not present your ID in person, a notarised copy must be provided).
If an individual’s surname, first name, or middle name has changed, the original or a notarised copy of the document confirming the change (e.g., a copy of your marriage certificate) must be presented.
The application with supporting documentation may be submitted by post or in person to IRC — R.O.S.T.’s head office, or in person to their branches / representative offices (further details can be found on the
This application should be signed in the presence of a registrar employee authorised to certify sample signatures, unless the authenticity of the sample signature in the application is certified by a notary.
The registrar of MMC Norilsk Nickel is IRC — R.O.S.T.
Contacts and office hours of the registrar:
To open a personal account in the shareholder register with IRC — R.O.S.T., you are required to submit the documents listed on the
The documents may be submitted by post or by hand to the head office of IRC — R.O.S.T. or by hand to the branches/representative offices at the addresses listed on the
In the event of any changes in the particulars of a person registered in the shareholder register with IRC — R.O.S.T., you are required to submit the documents listed on the
The documents may be submitted by post or by hand to the head office of IRC — R.O.S.T. or by hand to the branches / representative offices at the addresses listed on the
If a person for whom a personal account (depositary account) was opened has failed to provide information on changes in their particulars, the issuer (the person having obligations under the securities), the registrar and the depositary shall not be liable for any losses incurred by such person due to the failure to provide the information (article 8.2, clause 16 of Federal Law No.
The Company’s registrar shall, on request of a shareholder or nominee shareholder, certify their rights to shares by issuing an extract from the Company’s shareholder register, which shall not be deemed a security (article 46 of the Federal Law On Joint Stock Companies).
An extract from the shareholder register can be obtained by submitting relevant request to the registrar.
The form for requesting information from the shareholder register is available on the
An extract from the shareholder register may be requested by post or in person at the head office of IRC — R.O.S.T. or in person at the branches / representative offices at the addresses listed on the
A request for an extract sent by post can only be fulfilled if such request or any other document submitted to the registrar (e.g. the registered person’s application form) expressly indicates this method of request. An extract from the shareholder register is subject to advance payment for the preparation of such extract by the registrar. In order to send the extract by post to the shareholder’s address, the request shall include a statement to that effect and postage must be prepaid. For the registrar’s bank details and price list (price list No. 1) please go to the
A person registered in the Company’s shareholder register may obtain a statement of transactions on their personal account by making relevant request to the registrar.
A statement of transactions on personal account may be requested by post or in person from the head office of IRC — R.O.S.T. or in person from the branches / representative offices at the addresses listed on the
A request for a statement of transactions on personal account sent by post can only be fulfilled if such request or any other document submitted to the registrar (e.g. the registered person’s application form) expressly indicates this method of request. A statement is subject to advance payment for the preparation of such statement by the registrar. In order to send such statement by post to the shareholder’s address, the request shall include a statement to that effect and postage must be prepaid. For the registrar’s bank details and price list (price list No. 1) please go to the
For the list of documents to be submitted to the registrar, IRC — R.O.S.T., for transactions with shares, please go the
The documents shall be submitted to the head office of IRC — R.O.S.T. or to the branches / representative offices at the addresses listed on the
Using their personal account, shareholders of MMC Norilsk Nickel (individuals and legal entities registered in the shareholder register of the Company and clients of a nominee shareholder) can participate in General Meetings of Shareholders through e-voting.
In addition to voting at general meetings, shareholders registered in the shareholder register have access to the following sections:
For details on how to access and use your personal account, please go to
In June 2016, RAO Norilsk Nickel was reorganised through merger with Norilsk Combine. As a result, Norilsk Combine became the legal successor of RAO Norilsk Nickel with respect to all its rights and obligations.
Profile of Norilsk Combine
Full name: Joint Stock Company Norilsk Mining and Metallurgical Combine named after A.P. Zavenyagin
Short name: JSC Norilsk Combine
Address: Norilsk, Krasnoyarsk Territory, Russian Federation
Postal address:
2 Gvardeyskaya Sq., Norilsk, Krasnoyarsk Territory, 663310, Russian Federation
OGRN 1022401625003
Shareholders of MMC Norilsk Nickel can promptly receive expert advice from the Company’s employees on the observance of shareholders’ rights, general meetings of shareholders, payment of dividends, transactions with shares in MMC Norilsk Nickel and other issues related to the circulation of shares in MMC Norilsk Nickel. To get advice, please contact MMC Norilsk Nickel’s Share Capital Division by telephone:
The information subject to mandatory disclosure is available on MMC Norilsk Nickel’s corporate website:
Copies of documents to be provided as required by law shall be provided within seven business days after MMC Norilsk Nickel receives a request for documents (the “Request”), which shall specify:
If the Request is signed by an eligible person (or their proxy) whose rights to shares are recorded by a nominee holder recording the eligible person’s rights to shares in the Company, the Request must be accompanied by a statement of the eligible person’s depositary account (a similar document of a foreign nominee holder or foreign organisation which is entitled under its applicable laws to record and transfer the title to securities) certifying the number of shares held by the eligible person in the Company as at a date not earlier than seven business days before the date of the Request.
Furthermore, additional documents may be requested in cases stipulated by Bank of Russia Ordinance No.
Copies of documents that are not required to be kept in perpetuity in accordance with the Russian laws shall be made available on request of holders of the Company’s securities and other stakeholders within the storage periods established for such documents.
Copies of documents shall be made available for a fee not exceeding the cost of copying.
Bank details of MMC Norilsk Nickel for copying costs:
INN 8401005730
KPP 997550001
Account No. 40702810800001014636
with ROSBANK, Moscow
INN 7730060164
BIC 044525256
Correspondent account No. 30101810000000000256