MINING AND METALLURGICAL COMPANY NORILSK NICKEL Moscow, July 7, 2020 - NornickelPublic Joint Stock Company 'Mining and Metallurgical Company 'Norilsk Nickel' and its subsidiariesGo to the glossary, 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 CompanyPublic Joint Stock Company 'Mining and Metallurgical Company 'Norilsk Nickel'Go to the glossary'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
MMCMining and Metallurgical CompanyGo to the glossaryNorilsk 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 GroupPublic Joint Stock Company 'Mining and Metallurgical Company 'Norilsk Nickel' and its subsidiariesGo to the glossaryare 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, ADRAmerican Depositary Receipt; a security representing partial ownership in deposited securities of a foreign company certified by receipts issued by a US depositary bankGo to the glossarys are traded over the counter in the US and on the London, Berlin and Frankfurt Stock Exchanges.
Attachments
- Original document
- Permalink
Disclaimer
OJSC MMC Norilsk Nickel published this content on 07 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2020 15:33:01 UTC
