Share capital

Nornickel’s authorised capital is made up of 158,245,476 ordinary shares with a par value of RUB 1 each. No preferred shares are issued. All shares in the Company are voting shares, with each voting share counted as one vote.

The following shareholders with non-zero balances in their accounts were listed on the shareholder register as of 31 December 2020:

  • 37,982 individuals
  • 30 legal entities, including three nominee holders

The total number of the Company’s shareholders at year-end of 2020 exceeded 38 thousand people (excluding disclosures by nominee holders).

Nornickel’s market capitalisation was USD 49.4 billion at year-end 2020, up 2% year-on-year.

Share capital structure as at calendar year-end (%)
Shareholder 2018 2019 2020
Olderfrey Holdings Ltd (indirect ownership via controlled entities) 34.6 34.6 34.6
UC RUSAL, IPJSC (Direct and indirect ownership via controlled persons. IPJSC EN+ Group owns 56.88% of voting shares in UC RUSAL, IPJSC) 27.8 27.8 27.8
Free float 37.6 37.6 37.6
Market cap as of calendar year-end (USD bn)