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Norilsk Nickel BOD proposes RUB 670.04 per share FY 2014 dividend

Metal News - Published on Tue, 14 Apr 2015

At meeting OJSC MMC Norilsk Nickel (Norilsk Nickel or Company) Board of Directors approved dividend guidance targeted at the Annual General Meeting of shareholders (AGM) taking place May 13th 2015.

The Board of Directors recommends approval of dividend for the fiscal year 2014 in the amount of RUB 670.04 per ordinary share. May 25th 2015 is proposed by the Board of Directors as a record date to establish the list of holders of record entitled to the dividend.

The Board of Directors reviewed and approved the phrasing of the voting ballot, Report of the Board of Directors of OJSC MMC Norilsk Nickel including a reasoned viewpoint and voting guidance, as among other AGM related documents. The Board of Directors recommends that at the AGM shareholders vote in favor of candidates best meeting the requirements of independent directorship.

Mr Gareth Penny chairman of the Board of Directors of Norilsk Nickel said that "I would like to praise the efficiency and professionalism of the management, which are reflected in some of the best results Norilsk Nickel has shown last year. The step by step implementation of the strategy substantially strengthens Norilsk Nickel’s market leadership and the highest marginality in the business. Operations of the Board have been busy and quite dynamic and I hope we will are going to continue in the same vein."

Mr Vladimir Potanin CEO of Norilsk Nickel said that "With interim 9M 2014 payout the final dividend guidance for the completed financial year fully corresponds to the targets set by the Norilsk Nickel strategy. The Company management will focus on further improving the efficiency of business and creating value for our shareholders."

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Posted By : Themmayo MK on Tue, 14 Apr 2015
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