Norilsk Nickel investments completed shares purchase offer
MMC Norilsk Nickel, JSC informed that its direct subsidiary Norilsk Nickel Investments Ltd. (NN Investments) completed its previously-announced offer to purchase issued and outstanding shares of common stock including American Depositary Shares (ADSs) representing Common Shares of MMC Norilsk Nickel, JSC.
NN Investments has been advised by Citigroup Global Markets Limited, acting as the dealer manager for the offer to purchase, that as of October 28, 2011 (Expiration Time), a total of 119 780 706 Common Shares, including Common Shares represented by ADSs, had been validly tendered pursuant to the offer to purchase. As contemplated in the offer to purchase, the pro-ration factor (“K”) calculated according to the Offer Memorandum dated September 27, 2011 (the “Offer Memorandum”), is 0.1094789399. NN Investments will therefore purchase from each security holder of MMC Norilsk Nickel, JSC who has properly tendered its Common Shares or ADSs prior to the Expiration Time the number of ADSs or Common Shares calculated pursuant to the formula set forth in the Offer Memorandum by multiplying the number of securities properly tendered by such security holder by the pro-ration factor (K) indicated above with downward adjustment to the next closest whole number to avoid the purchase of fractional securities. NN Investments will purchase without pro-ration all properly tendered odd lots of Common Shares and ADSs (tenders of 100 or less Common Shares or 1,000 or less ADSs) in accordance with the terms and conditions set forth in the Offer Memorandum.
Security holders who have tendered their Common Shares or their duly authorized representatives (including nominee holders) or Russian licensed securities trustees must, as set forth in the Common Shares Letter of Transmittal (and notwithstanding any differing provisions of the Offer Memorandum), not later than ten business days, from the fourth business day following the Expiration Time, i.e. during the period commencing on November 7, 2011 and ending on November 18, 2011, inclusive, appear (or procure that their duly authorized representatives appear) at the office of Closed Joint-Stock Company “Computershare Registrar” (“Computershare”) to which such security holder, its duly authorized representative (including nominee holder) or Russian licensed securities trustee originally submitted the Common Shares Letter of Transmittal in order to sign all required documents (including the relevant share purchase agreement).
ABOUT MMC NORILSK NICKEL:
MMC Norilsk Nickel, a company incorporated under the laws of the Russian Federation, is the largest diversified mining and metals company in Russia, the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. In addition to this, MMC Norilsk Nickel produces a large number of other by-products, including gold, silver, tellurium, selenium, iridium and ruthenium.
The key production units of the Company’s group in Russia are at the Polar and Kola Peninsulas. MMC Norilsk Nickel international assets include operations in Finland, Australia, Botswana and South Africa.
MMC Norilsk Nickel’s shares are traded at MICEX and RTS. ADRs on the Company’s shares are traded at over the counter market in the US and at the London and Berlin stock exchanges.
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