June 13, 2017
Moscow - The Annual General Meeting of shareholders (AGM) of PJSC MMC Norilsk Nickel, the world’s largest palladium and refined nickel producer, was held on June 9, 2017. The AGM approved the final dividend for the full financial year 2016 in the amount of RUB 446.10 per ordinary share (approximately USD 7.83 at the RUB/USD exchange rate set by the Russian Central Bank as of 28.04.2017, the date when the Board of Directors made a recommendation on the final dividend). Previously the Extraordinary General Meeting of shareholders held on December 16, 2016 approved the payment of interim dividends in the amount of RUB 444.25 per ordinary share (approximately USD 6.95 at the RUB/USD exchange rate set by the Russian Central Bank as of 10.11.2016, the date when the Board of Directors made a recommendation on the interim dividend). Therefore, the total dividend for 2016 amounts to RUB 890.35 per ordinary share (approximately USD 14.78).
Additionally, the shareholders approved the annual report for 2016, RAS accounts, the consolidated financial statements in accordance with IFRS for 2016, the revised Charter of the Company and JSC KPMG as the auditors for 2017 RAS accounts and IFRS consolidated financial statements.
The AGM also elected the Board of Directors and the internal Audit commission.