print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Norilsk Nickel MMC press releases

Norilsk Nickel MMC

December 3, 2004

MMC Norilsk Nickel announces share buy-back

Following MMC Norilsk Nickel (“the Company”) mission aimed at the increase of its shareholder value and taking into account good financial results of the Company resulting from, among other factors, favorable market environment, the Board of Directors approved on December 2, 2004, the direct buy-back by the Company from its shareholders of up to 12,500,000 of the Company’s ordinary shares with par value of 1 Ruble each.

The shares will be purchased at a price of 1,680 Rubles per share for the total amount of up to 21 billion Rubles.

Shareholders willing to tender their shares will need to file the respective applications with the Company from December 15, 2004 until January 15, 2005.

The share purchase by the Company will commence on January 16, 2005 and will be closed by February 15, 2005. The payment for the shares will be effected in cash as contemplated by the share-purchase agreements, but not later than 30 days after the closing of share purchase period.
If the total number of shares tendered exceeds 12,500,000, then the number of the shares to be purchased from a shareholder will be calculated in proportion to the number of shares tendered by such shareholder to the total number of shares tendered for buy-back, provided that this number can not be less than one share.

The information circular with the instructions for application will be published not later than December 15, 2004, will be available on the Company’s internet-page (www.nornik.ru) or at the registrar’s offices – ZAO “National Registration Company”, 121357 Russia, Moscow, Veresaeva Street, 6. 

For more information, please contact:

Dmitry Usanov
Head of Investor Relations
MMC Norilsk Nickel
Tel.:  +7 095 755 6733

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer