18 Apr 2016 16:35
MMC Norilsk Nickel / Miscellaneous - High PriorityMMC Norilsk Nickel: BOARD OF DIRECTORS OF NORILSK NICKEL APPROVES SALE OFQUASI-TREASURY SHARES TO CRISPIAN FOR USD 158 MILLION 18-Apr-2016 / 16:35 CET/CESTDissemination of a Regulatory Announcement, transmitted by EquityStory.RS,LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- BOARD OF DIRECTORS OF NORILSK NICKEL APPROVES SALE OF QUASI-TREASURY SHARESTO CRISPIAN FOR USD 158 MILLION Moscow, April 18, 2016 - The Board of Directors of PJSC MMC Norilsk Nickel('Norilsk Nickel' or the 'Company') has approved the sale to CrispianInvestments Limited ('Crispian') of 1,250,075 ordinary shares (constituting0.79% of total share capital of the Company) for a total consideration ofUSD 158 million (the 'Transaction'). On April 11, 2016 the Company received an offer from Crispian in respect ofthe Transaction. After careful consideration of the Transaction and othermatters it deemed relevant, the Audit Committee of the Company, consistingof two independent directors, unanimously recommended to the Board ofDirectors of the Company to approve the Transaction. The Board of Directorsof the Company, having considered the recommendation of the Audit Committeeand other matters it deemed relevant unanimously approved the Transactionand the entry into legally binding agreements in respect of theTransaction. Pavel Fedorov, the First Vice-President and Executive Director of NorilskNickel commented: 'In view of the challenging commodity market environment,the management continues to pursue all opportunities aimed at strengtheningthe balance sheet of the company. This transaction was unanimously approvedby the Board and manifests the confidence and support of one of our anchorinvestors in the long-term development strategy of Norilsk'. Sergey Bratukhin, a director of Norilsk Nickel nominated by Crispian,commented ' We are a long-term investor into Norilsk Nickel and areconfident in the prospects of the company. We consider an acquisition ofthe quasi-treasury stake from the company as an attractive opportunitywhich is fully in line with our investment strategy.' Following the closing of the Transaction, the stake of Crispian in NorilskNickel will increase from 5.5% to 6.3%. Barclays Bank PLC, acting through its investment bank, has provided afairness opinion to the Audit Committee and the Board of Directors ofNorilsk Nickel in connection with the proposed sale of 1,250,075 ordinaryshares in Norilsk Nickel to Crispian Investments Limited. For further information, please, contact: Media Relations: Investor Relations: Phone: +7 (495) 785 58 00 Phone: +7 (495)786 83 20 Email: pr@nornik.ru Email: ir@nornik.ru ABOUT NORILSK NICKEL: Public Joint-Stock Company Mining and Metallurgical Company Norilsk Nickelis a diversified mining and metallurgical company, the world's largestproducer of nickel and palladium and a leading producer of platinum,cobalt, copper and rhodium. In addition, the Company produces gold, silver,iridium, selenium, ruthenium and tellurium. The production units of Norilsk Nickel are located in Russia at the NorilskIndustrial District and on the Kola Peninsula, as well as in Finland. Norilsk Nickel's shares are listed on the Moscow and on theSaint-Petersburg Stock Exchanges. Norilsk Nickel ADRs trade over thecounter in the US and on the London and Berlin stock exchanges. --------------------------------------------------------------------------- 18-Apr-2016 The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: MMC Norilsk Nickel 1 st Krasnogvardeysky av., 15 123100 Moscow Russia Internet: www.nornik.ru ISIN: US55315J1025 WKN: A140M9 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market in Frankfurt ; London, Nasdaq Category Code: MSCH TIDM: MNOD Sequence Number: 3099 Time of Receipt: 18-Apr-2016 / 16:35 CET/CEST End of Announcement EquityStory.RS, LLC News Service --------------------------------------------------------------------------- 455225 18-Apr-2016UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.