The Company’s Regulations on the Information Policy approved by Minutes of Meeting of the Board of Directors No. GMK/31‑pr‑sd dated 18 September 2017 set out the key forms of investor engagement:
Investor and analyst meetings and presentations
Investor meetings
Earnings calls to discuss IFRS results
Investor and analyst relations disclosures on the Company website
To maintain a regular and open dialogue with investors and analysts, Nornickel actively used all available communication channels during the reporting year, including the publication of press releases, presentations, the Annual Report and Sustainability Report, the exchange‑traded bond prospectus, statements of material fact, and issuer reports. All information was published promptly, with materials made available under the Investors section of the Company website. In addition to traditional communication channels, the Company makes full use of advanced online formats, including recorded broadcasts, webinars, and podcasts.
Shareholder and analyst engagement activities
General Meetings of Shareholders
General Meetings of Shareholders and/or in‑absentia voting sessions held on a regular basis
Participation in conferences
Participating in conferences for retail and institutional investors
Corporate website
Regular disclosures and updates on the website
Capital Markets Day
Public presentation of the Company’s strategy
Online events
Live broadcasts, webinars, and podcasts
Conference calls / one‑on‑one meetings
Video conference calls and webinars on published earnings reports, trading updates, and announcements
Site visits
Organisation of operational site visits
Online platforms
Nornickel’s presence on professional platforms for retail investors such as Pulse, Profit, and Smart‑Lab
In 2025, Nornickel participated
in over 40
shareholder and analyst events
In 2025, Nornickel participated
in over 40
shareholder and analyst events
As at 3 June 2025 (AGM record date for the Meeting of Shareholders held on 27 June 2025), the number of retail investors stood at around 600 thousand, representing 11% of Nornickel’s authorised capital. Growing the number of retail investors and their share of the Company’s authorised capital to 25% remains a strategic priority.
~
600
thousand
retail investors as at 3 June 2025
During the year, Nornickel continued to actively deliver on its retail investor strategy:
Nornickel’s presence on retail investor social networks: focusing on accounts across professional platforms Pulse and Smart‑Lab to engage with market participants. Across all platforms, Nornickel’s blog ranks among the top 10 most‑visited profiles and most engaging issuers, with its posts consistently rated among the top five most interesting
Leveraging information channels: participating in webinars, podcasts, video conferences with brokers, live broadcasts with bloggers, and conferences in Telegram channels
Participating in dedicated conferences for retail investors: Russia Calling!, Smart‑Lab, and PROFIT CONF annual conferences, and ATON industry conferences
Holding meetings with prime customers of major Russian banks
