MOSCOW, April 3 (Itar-Tass) – MMC Norilsk Nickel, the largest global nickel and palladium producer, announces today the cancellation of 18,470,925 ordinary shares representing 9.69 percent of the company’s share capital.
On January 29, 2013 the Norilsk Nickel extraordinary shareholder’s meeting approved an amendment to the company’s Charter to reduce its share capital by cancellation of 18,470,925 shares. This amendment was registered by the Federal Tax Service of Russia on March 28, 2012 and the cancellation of a respective amount of shares was reflected in the company’s share register on April 2, 2013.
As of now the share capital of the company consists of 172,156,822 ordinary shares with par value of 1 rouble.
MMC Norilsk Nickel, a company incorporated under the laws of the Russian Federation, is the largest diversified mining and metals company in Russia, the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. In addition to this, MMC Norilsk Nickel produces a large number of other by-products, including gold, silver, tellurium, selenium, iridium and ruthenium.
The key production units of the company’s group in Russia are at the Polar and Kola Peninsulas. MMC Norilsk Nickel international assets include operations in Finland, Australia, Botswana and South Africa.
MMC Norilsk Nickel’s shares are traded on the Moscow Exchange. ADR’s on the company’s shares are traded on the other the counter market in the U.S. and on the London and Berlin stock exchanges.