OREANDA-NEWS. November 05, 2014. MMC Norilsk Nickel (hereinafter, Norilsk Nickel or the Company), the largest global nickel and palladium producer, reports that its Board of Directors announced an extraordinary general meeting of shareholders (EGM) to be held on December 11, 2014.

The Board of Directors has recommended for the EGM approval an interim dividend payment in the amount of RUB 762.34 (approximately USD 17.6 at the RUB/USD exchange rate of the Russian Central Bank as of 31.10.2014) per one ordinary share in respect of the first 9M of 2014 financial results and the retained earnings of prior years.

The total dividend distribution will amount to approximately USD 2.78 billion including approximately USD 1.5 billion of special dividend, which is to be funded by the release of working capital and the proceeds from the sale of non-core assets.

The Board of Directors has proposed to set the EGM record date (the list of persons eligible to vote) on November 11, 2014 and the interim dividend record date on December 22, 2014.