MMC Norilsk Nickel : THE BOARD OF DIRECTORS OF MMC NORILSK NICKEL NOMINATES
NEW MANAGEMENT BOARD OF THE COMPANY
Moscow, April 25, 2013 - The Board of Directors of OJSC MMC Norilsk Nickel
(hereinafter, MMC Norilsk Nickel or the Company) approved on Thursday the
composition of the new Management Board of the Company.
Starting from April 26, 2013 the Management Board shall include the following
members: Vladimir Potanin, General Director and Chairman of the Management
Board, Onik Aznauryan (Deputy General Director for Non-productive Assets and
Power Supply Management), Sergey Batekhin (Deputy General Director - Head of
Sales, Commerce and Logistics Unit), Elena Bezdenezhnykh (Deputy General
Director - Head of Corporate Governance, Asset Management and Legal Unit),
Andrey Bougrov (Deputy General Director for Government and Investor
Relations), Larisa Zelkova (Deputy General Director for Social Policy and
Public Relations), Sergey Malyshev (Deputy General Director - Head of Economy
and Finance Unit), Nina Plastinina (Director of Internal Control Department),
Alexander Ryumin (Director of the Polar Division of MMC Norilsk Nickel),
Sergey Selyandin (General Director of OJSC Kola MMC), Pavel Fyodorov (Deputy
General Director for Strategy and Business Development), Evgeny Yakovlev
(First Deputy General Director).
The Board of Directors made a decision to convene the Annual General Meeting
of Shareholders of the Company (AGM) on June 6, 2013, and approved the agenda
and the regulations of the AGM, format and text of the voting bulletin, the
report containing the motivated position of the Board of Directors of the
Company with respect to items of the agenda of the AGM, as well as other
documents related to the organization of the AGM. Date of compiling the list
of persons eligible to attend the AGM (record date) shall be April 30, 2013.
The Board of Directors recommended that the shareholders approve dividends for
2012 in the amount of RUR 400.83 per ordinary share.
In addition, the Board approved recommendations on remuneration and
reimbursement of expenses of independent directors, members of the Board of
Directors of the Company.
Alongside with the approval of the amount of dividend payments for FY2012, the
Board of Directors authorized the Company's management to submit for approval
to the Board of Directors a long-term financial strategy reflecting the main
clauses of the shareholders' agreement and envisaging substantial flexibility
to determine the amount of dividends and capital investments, taking into
account the market situation in order to ensure the Company's strong balance
sheet and maintain investment grade credit ratings.
Commenting on the decisions made, the General Director of MMC Norilsk Nickel
Vladimir Potanin pointed out: "We move on towards the implementation of the
key clauses of the shareholders' agreement on the basis of a common vision as
to the Company's business development. It is important that the long-term
financial strategy will be worked out in the context of the general
development strategy of the Company and will provide the Company with required
flexibility to determine the amount of payments to secure financial stability
under any market scenarios".
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ABOUT MMC NORILSK NICKEL:
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 US and on
the London and Berlin stock exchanges.
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Source: MMC Norilsk Nickel via Thomson Reuters ONE
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