Norilsk Nickel BoD Approves Agenda for AGM
OREANDA-NEWS. April 28, 2014. The Board of Directors of OJSC MMC Norilsk Nickel (hereinafter, “Norilsk Nickel” or the “Company”) approved the agenda for the annual General Meeting of Shareholders (AGM), a form and content of voting ballots, a report of the Board of Directors containing a reasoned voting position and recommendations as well as other documents related to the annual meeting of shareholders.
A list of persons entitled to participate in the meeting is April 29, 2014.
The Board of Directors recommends the annual General Meeting of Shareholders to approve the dividend for 2013 in the amount of 248.48 rubles per ordinary share. In addition, the Board of Directors suggests setting June 17, 2014 as the dividend record date.
Previously the extraordinary General Meeting of Shareholders held on December 20, 2013 adopted a decision to pay dividend on ordinary shares of Norilsk Nickel based on the performance of nine months of the financial year 2013 in the amount of 220.70 rubles per ordinary share.
The total amount of dividends is completely in line with the targets reflected in the Company’s corporate strategy.
Also the Board of Directors recommends the shareholders to vote at the AGM for candidates conforming to the requirements of independent directors and approve the remuneration policy for members and the Chairman of the Company’s Board of Directors.
The suggested amount of remuneration and compensation for expenses of non-executive directors – members of the Board of Directors is determined pursuant to the global corporate practice as well as the advice from established independent consultants.