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Name | Symbol | Market | Type |
---|---|---|---|
MMC Norilsk Nickel PJSC (CE) | USOTC:NILSY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.02 | 0.00 | 01:00:00 |
TIDMMNOD August 4, 2015 Moscow - MMC Norilsk Nickel (hereinafter, Norilsk Nickel or the Company), the largest global nickel and palladium producer, reports today that its Board of Directors announced an extraordinary general meeting of shareholders (EGM) to be held on September 14, 2015. The Board of Directors has recommended for the EGM approval an interim dividend payment in the amount of RUB 305.07 (approximately USD 5.1 at the RUB/USD exchange rate of the Russian Central Bank as of 03.08.2015) per one ordinary share in respect of the first 6M of 2015 financial results. The interim dividend distribution will amount to approximately USD 800 million. First Vice President - Executive Director, Pavel Fedorov commented on the interim dividend: "The interim dividend recommendation is based off the conservative liquidity management policy and accounting for current commodity markets. At the same time, we would like to remind investors that the target for the total annual dividend distribution is set at 50% of IFRS EBITDA for the year, but is not less than USD 2 billion. Therefore, based on the results of 2015 financial year, the management will be aiming to recommend to the Board the final annual dividend, calculated as a difference between the annual dividend target and all interim dividends paid for 2015". The Board of Directors has proposed to set the EGM record date (the list of shareholders eligible to vote) on August 14, 2015 and the interim dividend record date (the list of shareholders entitled to the interim dividend) on September 25, 2015. For further information, please, contact: Media Relations: Investor Relations: Phone: +7 (495) 797 82 94 Phone: +7 (495) 786 83 20 Email: pr@nornik.ru Email: ir@nornik.ru ABOUT MMC NORILSK NICKEL: Public Joint-Stock Company Mining and Metallurgical Company Norilsk Nickel is a diversified mining and metallurgical company, the world's largest producer of nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. In addition, the Company produces gold, silver, iridium, selenium, ruthenium and tellurium. The production units of MMC Norilsk Nickel are located in Russia at the Norilsk Industrial District and on the Kola Peninsula, as well as Finland. Norilsk Nickel's shares are listed on the Moscow and on the Saint-Petersburg Exchanges. Norilsk Nickel ADRs trade over the counter in the US and on the London and Berlin stock exchanges. This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: MMC Norilsk Nickel via Globenewswire HUG#1943447 http://www.nornik.ru/en/
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