December 8, 2023

Norilsk Nickel releases first CFAs for participants of the corporate investment program

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"Norilsk Nickel" released the first DFAs for participants of the corporate investment program

The Digital Assets service company has been appointed as the issuer of digital financial assets of the Norilsk Nickel group, and the group’s employees will be the first to purchase digital financial assets.

At the initial stage “Digital assets”will issue Minetoken tokens in an amount equivalent to 6 billion rubles. The liquidity of Мinetoken and their investment value should be ensured by linking the asset to the value of Norilsk Nickel shares. More than 400,000 ordinary shares were transferred to secure the first tranche of the token issue. The Digital Assets company will buy shares of Norilsk Nickel with the involvement of a broker on the Moscow Exchange or on the over-the-counter market and issue DFA Minetoken in several batches throughout the year.

“Each employee with at least 12 months of experienceOn January 1, 2023, at the expense of funds received from the employer, he acquires digital financial assets, equal in value at the time of issue and redemption to the price of Norilsk Nickel shares listed on the Moscow Exchange. The more experience a company employee has, the more tokens he receives. Such DFAs also give the right to receive dividends that Norilsk Nickel can pay,” says the group’s official statement.

Nornickel's corporate program "Digitalinvestor" was announced by top managers back in March. According to the creators, the program will affect employees of all Norilsk Nickel enterprises in the Murmansk region, St. Petersburg, Arkhangelsk, Moscow, Saratov, Sochi, the Norilsk industrial region, Dudinka, Krasnoyarsk and the Trans-Baikal Territory. After a year of owning Minetoken, company employees will have the right to sell them on the Atomyze platform or additionally purchase digital assets with their own funds.

Earlier, the head of the State Duma Committee on the Financial Market, Anatoly Aksakov, promised that the law on the digital ruble would come into force in May.