Information on securities

Share capital

Since 2001, MMC Norilsk Nickel’s shares have been listed on Russian stock exchanges (RTS and MICEX). At present, the shares of MMC Norilsk Nickel are on the First Level quotation list of the MICEX Stock Exchange (part of Moscow Exchange) and also admitted to trading at Saint-Petersburg Exchange.

As at 31 December 2015, MMC Norilsk Nickel’s share capital comprised 158,245,476 ordinary shares with a par value of 1 rouble each.

Buy-back

In 2015, the Board of Directors resolved to launch a share buy-back programme for a total of up to USD 500 million completed by the year-end. Under the programme, 1,250,075 shares were bought back from 1 July to 31 December worth of USD 196 m.

Share capital structure

The Company’s major shareholders are Olderfrey Holding Limited, UС Rusal Plс and Crispian Investments Ltd. owning collectively 64% of the Company’s share capital, while the remaining 36% is free float owned by institutional and private investors from Russia, Europe, Asia and the USA.

As at 31 December 2015, there were 30 legal entities (including 3 nominee shareholders) and 40,995 individuals listed in the register.

American depositary receipts

Since 2001, the Company has been maintaining an American depositary receipt (ADR) programme. Shares are converted into ADRs at the ratio of 1:10. Depositary services for ADR transactions are rendered by the Bank of New York Mellon, while custody services are provided by VTB Bank. ADRs are traded on the US OTC market, and in the electronic trading system of OTC markets of the London and Berlin stock exchanges.

As at 31 December 2015, the total number of ADRs issued against Norilsk Nickel’s shares was 659.482.150 accounting for 41.67% of the authorised capital.

The Company discloses information to ADR holders in English as per Rule 12g3-2(b) of the US Securities Exchange Act of 1934.

Stock indices

Source: Bloomberg

Source: Bloomberg

Eurobonds