Bank of Russia approves stock split at Nornickel
Earlier, an Extraordinary General Meeting of Shareholders (EGM) voted to split the Company’s ordinary shares at a ratio of 100 in order to increase their appeal to Russian investors and improve their liquidity on the Moscow Exchange.
As a result of the split, one ordinary share with a nominal value of RUB 1 will be converted into 100 ordinary shares with a nominal value of RUB 0.01 each.
Pursuant to the EGM decision, the shares will be converted on the tenth business day from the date of state registration of amendments to the resolution on the issuance of shares, i.e. on 4 April 2024.
The conversion will rely on the data effective as at the day of conversion and sourced from the records in accounts opened by the registrar responsible for the register of Nornickel’s shareholders.
Details on trading in Nornickel’s shares in the context of the stock split will be provided on the official website of the Moscow Exchange at https://www.moex.com/en.
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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 and other products.
The main production units of Norilsk Nickel Group are located at the Norilsk Industrial District, on the Kola
Peninsula and Zabaykalsky Krai in Russia.
MMC Norilsk Nickel shares are listed on the Moscow Stock Exchange.