Nornickel's Board of Directors has decided to buy back up to 5,382,865 shares of the company, representing 3.4% of its outstanding shares, for a total amount of about $2 billion. The securities are being purchased through an offer to shareholders at a price of ₽27,780 per share. They can participate in the buyback by submitting applications to sell their shares between May 20 and June 18, 2021, inclusive. Payment for the shares is scheduled to be made by July 3, 2021. The repurchased securities are planned to be redeemed. The exception will be 0.5% of the company's shares, which will be used for the purposes of motivating the company's employees.