United Company RUSAL Plc Appoints Evgenii Nikitin As CEO [Reuters]
GLENCORE PLC UNSP/ADR (GLNCY)
US:NASDAQ Investor Relations:
glencore.com/investors
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Source: Reuters
United Company RUSAL Plc (0486.HK) Key Developments | Reuters.com Nov 5 (Reuters) - United Company RUSAL Plc ::EVGENII NIKITIN, AGED 52, HAS BEEN APPOINTED BY BOARD AS CEO OF COMPANY WITH EFFECT FROM 1 NOVEMBER.AS CEO, NIKITIN IS ENTITLED TO A BASE SALARY OF RUB72 MILLION PER ANNUM.DURATION OF EVGENII NIKITIN'S APPOINTMENT AS CEO IS EXPECTED TO BE THREE YEARS. Full Article Nov 5 (Reuters) - United Company RUSAL Plc ::BOARD DETERMINED IT IS IN BEST INTEREST OF CO AND SHAREHOLDERS AS A WHOLE TO PROCEED WITH COMPANY'S CONTINUANCE OUT OF JERSEY.REFERS TO ANNOUNCMENT DATED 17 AUGUST IN RELATION TO PROPOSED CHANGE OF DOMICILE OF CO FROM JERSEY TO RUSSIAN FEDERATION.DECISION FOR REASONS INCLUDING LAW ON IC AND LAW ON SAD ARE EXPECTED TO PROVIDE FOR CERTAIN PREFERENTIAL TREATMENTS FOR INTERNATIONAL COS.OFAC ISSUED LICENSES TO COMPANY WHICH EXPIRE ON 12 DECEMBER 2018.AFTER 12 DEC SANCTIONS ARE NOT CANCELLED OR LICENSES NOT RENEWED FOR NEW TERM, WILL HAVE DIFFICULTIES WITH CORPORATE INFRASTR
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