BOARD OF DIRECTORS OF NORNICKEL RECOMMENDS CANCELLATION OF TREASURY SHARES
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MMC Norilsk Nickel (MNOD)
PRESS RELEASE Public Joint Stock Company «Mining and Metallurgical Company «NORILSK NICKEL» (PJSC “MMC “Norilsk Nickel”, “Nornickel” or the “Company”)
BOARD OF DIRECTORS OF NORNICKEL RECOMMENDS CANCELLATION OF TREASURY SHARES Moscow, July 5, 2022 — The Board of Directors of Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, decided to hold Extraordinary General Meeting of Shareholders (EGM) on August 11, 2022. The only item of the EGM agenda is the reduction of the authorized capital of the Company by RUB 791,227 to RUB 152,863,397 by cancelling 791,227 repurchased ordinary shares with par value of RUB 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
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 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. MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRs are accepted for trading on the Saint-Petersburg Stock Exchange.
Media Relations: Investor Relations: Phone: +7 (495) 785 58 00 Phone: +7 (495) 786 83 20 Email: [email protected] Email: [email protected]
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| ISIN: | US55315J1025 |
| Category Code: | MSCH |
| TIDM: | MNOD |
| LEI Code: | 253400JPTEEW143W3E47 |
| Sequence No.: | 172782 |
| EQS News ID: | 1391311 |
| End of Announcement | EQS News Service |
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Norilsk Nickel ADR Stock
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Norilsk Nickel ADR stock is not clear.
With a target price of 33 € there is potential for a 120.59% increase which would mean more than doubling the current price of 14.96 € for Norilsk Nickel ADR.
