MOSCOW, April 9 (Reuters) – Nornickel GMKN.MM will minimise its ultimate dividend for 2020, the Russian metals producer stated on Friday, citing a advice from its board of administrators.
The board beneficial a ultimate dividend of 1,021.22 roubles ($13.25) per share, it stated in an announcement.
Nornickel additionally stated its main shareholders had reached a preliminary settlement to suggest to a $2 billion buyback of Nornickel shares earlier than the top of 2021.
(Reporting by Polina Devitt and Anastasia Lyrchikova; modifying by Jason Neely)
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