Shares and ADRs
The authorised capital of MMC Norilsk Nickel stands at RUB 158,245,476 and comprises 158,245,476 ordinary shares with a par value of RUB 1 each.
The Company’s securities are the most liquid instruments on domestic and foreign equity markets. In Russia, the shares of MMC Norilsk Nickel are on the First Level quotation list of the Moscow Exchange and admitted to trading on the Saint-Petersburg Exchange under single state registration number 1-01-40155-F of 12 December 2006
Reuters instrument code
International identification codes
Sum Element: index inclusion
Sum Element’s shares are included in the following indices of the Moscow Exchange:
American depositary receipts (ADRs)
In June 2001, the Company signed a depository agreement with The Bank of New York Mellon and started issuing Level-1 ADRs with MMC Norilsk Nickel shares as the underlying asset. Custody services for transactions with ADRs are currently provided by VTB Bank.
The Company discloses information to ADR holders in English as per Rule 12g3-2(b) of the US Securities Exchange Act of 1934.
Starting 19 February 2008, the MMC Norilsk Nickel shares are convertible into ADRs at a ratio of 1:10 as a result of splitting the Company’s ADRs.
The Company’s ADRs are traded on the US OTC market and in the electronic trading system of OTC markets on the London, Berlin and Frankfurt stock exchanges. Norilsk Nickel’s ADRs are also included in the FTSE Russia IOB Index of the London Stock Exchange.
|Reuters instrument code
|IOB, London Stock Exchange— London, United Kingdom
|OTC Market— New York, USA
|NILSY US, NILSY UV
|Frankfurt Stock Exchange— Frankfurt, Germany
Berlin-Bremen Stock Exchange— Berlin, Germany