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Norilsk Nickel shareholders approve stock split

The stock split should be completed by next April

MOSCOW, December 7. /TASS/. Shareholders at an extraordinary meeting of the Russian mining and metals major Norilsk Nickel have approved a stock split that will make shares 100 times less expensive for investors, the company said.

The Board of Directors recommended earlier that the company’s ordinary shares be broken up to make them more attractive to domestic investors and boost liquidity at the Moscow Exchange. Today’s total of 152,863,397 shares will be turned into 15,286,339,700.

The stock split should be completed by next April.

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