| Corporate action description |
We have been advised by euroclear that
There are two options:
option 1: round lot- beneficial owner holding more than 1000 adss
Tendering holders will receive usd 30.6 per ads tendered subject
to proration (with downward adjustments where necessary to avoid
the purchase of fractional securities).
Option 2: odd lot- beneficial owner holding 1000 or less than 1000
adss
tendering holders will receive usd 30.6 per ads tendered. Such
instructions, if accepted, will be exempt from any prorated
acceptance.
Important:
for the second option, one instruction per beneficial holder must
be sent.
Beneficial owners cannot combine odd lot instructions with round
lot instructions as the offer may be subject to proration
each securityholder may tender only one odd lot. If a
securityholder tenders an add lot, they may not make another
tender of adss.
Instructions are irrevocable.
The pro-ration details will be provided as soon as available
no certification is required.
Disclosure of the beneficial owner's details is not required
Restrictions:
refer to the offering document for information relating to
restrictions within the following countries: united kingdom,
belgium, france, ireland, italy and the united arab emirates
tax:
holders should consult their tax advisor for complete details in
reference to withholding taxes
no information has been received that would indicate that this
offer is subject to irs plr 302
euroclear bank has been advised of a tender offer launched on
above mentioned security
tender offer by norilsk nickel investments ltd (an indirect wholly
owned subsidiary of mmc norilsk nickel) to purchase up
to 14,705,882 common shares including ads's at usd 306 per
common share or usd 30.60 per ads
(ratio: 1 adr represents 1/10 ordinary level)
.
If more than the maximum number of securities are properly
tendered prior to the deadline, the tendered securities will be
purchased on a pro-rata basis according to the number of
securities tendered by the tendering securityholders, with
downward adjustments where necessary to avoid the purchase of
fractional securities, except that tenders of 1,000 adr or less
tendered by a single securityholder, will not be subject to
pro-ration.
Payment is expected to be made within four (4) us business days
following the expiry date of the offer.
.
Restrictions:
the offer is not being made to, nor will tenders be accepted from
or on behalf of, securityholders in any jurisdiction in which the
making or acceptance of offers to sell securities would not be in
compliance with the laws of that jurisdiction
.
Securityholders should be aware that the sale of securities and
receipt of the purchase price pursuant to the offer will have
certain tax consequences
.
All detailed information is available on the dedicated website:
www.nnbuyback.com
For locals please consult the link below
https://alfabank.ru/custody_news/corporate/2011/9/28/2.html
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