Nornickel announces stock split

Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces stock split. As a result of this operation one share is converted into 100 shares of the same category.

Earlier, an Extraordinary General Meeting of Shareholders (EGM) approved the decision to split the Company’s ordinary shares at a ratio of 100.

The shares have been converted on April 4, 2024 in accordance the records in accounts opened by the registrar responsible for the register of Nornickel’s shareholders.

As a result of the split, one ordinary share with a nominal value of RUB 1 will be converted into 100 ordinary shares with a nominal value of RUB 0.01 each.

Following the stock split Norilsk Nickel’s authorised capital amounts to 15,286,339,700 ordinary shares.

Details on trading in Nornickel’s shares in the context of the stock split will be provided on the official website of the Moscow Exchange at https://www.moex.com/en. Trading is scheduled to resume on 8 April, 2024.

Nornickel President Vladimir Potanin commented:

“Today we have completed a landmark project for the company: the stock split procedure took place. Our management team initiated the stock split to increase the investment attractiveness of our shares and this is a serious step towards the retail investors. Stock split will make liquidity and accessibility to a wide range of investors. We believe that this will contribute to the equity story of Norilsk Nickel and the development of the Russian capital markets in general”.