NORNICKEL RECEIVED PERMISSION TO RETAIN ITS DEPOSITORY RECEIPTS PROGRAMME
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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”) NORNICKEL RECEIVED PERMISSION TO RETAIN ITS DEPOSITORY RECEIPTS PROGRAMME Moscow, May 12, 2022 — Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, notifies its American depositary receipt (ADR) holders that the Government Commission on Control of Foreign Investments in the Russian Federation (the Commission) has approved the Company’s request to maintain the circulation of its ADRs outside of the Russian Federation for a duration of one year (since the approval was granted) until April 28, 2023. Nornickel has submitted a request to the Commission pursuant to the Federal Law No. 114-FZ “On Amendments to the Federal Law on Joint-Stock Companies and Certain Legislative Acts of the Russian Federation”, which came into effect on April 27th and requires the Russian issuers to terminate their depositary receipts programs, with the exceptions provided upon consideration of the issuers’ requests. Nornickel welcomes the decision of the Commission as it provides time to assess available opportunities and investigation of necessary steps to support the Company’s long-term investment attractiveness.
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: | MSCU |
| TIDM: | MNOD |
| LEI Code: | 253400JPTEEW143W3E47 |
| Sequence No.: | 161381 |
| EQS News ID: | 1351185 |
| 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.
