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

October 20, 2004

MMC Norilsk Nickel announces additional exchange of RAO Norilsk Nickel shares

MMC Norilsk Nickel (the «Company») announces that it intends to launch an additional, third round of exchange of its shares for RAO Norilsk Nickel shares for the shareholders who did not exchanged their shares in 2001-2002.

Upon completion of restructuring of the Company in 2001-2002, the holders of more than 3.2 million common shares of RAO Norilsk Nickel, mostly retirees of Norilsk Combine, for different reasons have not exchanged those shares for MMC Norilsk Nickel’s shares. We recognize the important role they played in the formation of MMC Norilsk Nickel and their contribution into the development of the Company’s production facilities. That is why we decided to give the veterans of Norilsk Combine and all other RAO Norilsk Nickel shareholders an additional opportunity to exchange their shares, become shareholders of MMC Norilsk Nickel and take an active part in further development and growth of the Company, for which welfare they used to work for many years.

Taking into account numerous letters from shareholders and taking advantage of favorable market conditions, the Board of Directors recommended to the management of MMC Norilsk Nickel to exchange RAO Norilsk Nickel shares for MMC Norilsk Nickel shares through a public offer that will be open for six months. The exchange ratio is set at 1:1. In order that all shareholders who live in distant regions have time to complete the formalities required for the share exchange, there will be an option to make an application by post.

The final terms and conditions of the exchange are expected to be announced by November 15, 2004. The Company will publish such terms and conditions in the newspapers (Izvestia, Rossiyskaya gazeta, Zapolyarny vestnik, Vecherniy Murmansk, etc) and on the Company’s web-site.

 

Chairman of the Board of Directors
MMC Norilsk Nickel
and RAO Norilsk Nickel  Klishas A.A.

 

 

 

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