NOVATEK’s AGM Approves 2012 Dividends
MOSCOW, April 25, 2013 /PRNewswire/ — OAO NOVATEK (“NOVATEK” and/or the “Company”) announced that the Annual General Meeting of Shareholders (“AGM”) approved the total dividend payment for 2012.
The total dividend for 2012 will amount to RR 6.86 per one ordinary share or RR 68.6 per one Global Depositary Receipt (GDR), including the interim dividends of RR 3.0 per ordinary share or RR 30.0 per one GDR paid for the first half 2012.
The dividend is payable in cash within 60 days after shareholder approval. The list of persons entitled to receive dividends was compiled as at 21 March 2013.
OAO NOVATEK is Russia’s largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 84% of Russia’s natural gas production and approximately 17% of the world’s gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.
SOURCE OAO NOVATEK