The Bank of Russia decided to register changes in the decision to issue shares of Norilsk Nickel TASS with reference to the company.
As a result of the changes, 1 ordinary share of the company with a nominal value of 1 ruble will be converted into 100 ordinary shares with a nominal value of 0.01 rubles each. It was also reported that the conversion will be carried out according to the records in the accounts opened by the registrar who keeps the register of the owners of Norilsk Nickel shares on the day of the conversion.
“The conversion of shares in accordance with the decision of the EGM will be carried out on the tenth business day from the date of state registration of changes until the decision on the issuance of shares – April 4, 2024,” Norilsk Nickel said. aforementioned.
The decision to transform was taken by Norilsk Nickel shareholders at an extraordinary meeting with the aim of increasing its attractiveness for Russian investors and increasing liquidity on the Moscow Stock Exchange.
Moscow Stock Exchange will be suspended Norilsk Nickel shares are traded from April 4 to April 7 due to the split.
Moscow Stock Exchange Index (IMOEX) in January exceeded 3200 points for the first time since November 23.
existed before details revealed St. Petitions for bankruptcy of the St. Petersburg Stock Exchange.