OJSC MMC Norilsk Nickel (Company or MMC Norilsk Nickel) announced that at today’s Board of Directors Meeting a number of significant issues have been discussed.
It was decided unanimously to hold an extraordinary shareholders’ meeting on January 29, 2013 to allow shareholders to examine the matter of reducing the share capital of the Company as well as of introducing amendments into its Charter. The meeting will be held in absentia with the participants being listed on December 24, 2012.
The Board of Directors has ruled to advise the shareholders to vote in favor of reducing the share capital of the Company by RUB 18,470,925 down to RUB 172,156,822 by redeeming 18,470,925 ordinary shares with par value of RUB 1 each, the shares acquired by the Company through liquidating Norilsk Nickel Investments Ltd.
Another ruling concerned convening another in person extraordinary shareholders' meeting on March 11, 2013. The event will focus on "Early termination of powers of the Board of Directors" and "Electing the Company’s Board of Directors."