23rd Jul 2010 15:35
CHANGE IN EQUITY STAKE OF NOVATEK SHAREHOLDER
Moscow, 23 July 2010. OAO NOVATEK ("NOVATEK" and/or the "Company") today announced a change in the shareholding structure of a shareholder holding not less than five percent of the Company's ordinary shares.
On 22 July 2010 NOVATEK was notified by White Seal Holdings Limited, Cyprus («White Seal Holdings») that it had acquired 303,546,719 ordinary shares, or 9.997% of NOVATEK's equity. Currently, White Sea Holdings, together with its affiliated company Santata LLC, hold 23.129% of NOVATEK's ordinary shares.
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For further information, please visit www.novatek.ru or contact:
| Press Service +7 (495) 721 2207 | Investor Relations +7 (495) 730 6013 |
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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 90% of Russia's natural gas production and 20% 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 on the Russian Trading System (RTS), MICEX Stock Exchange and the London Stock Exchange (LSE) under the ticker symbol 'NVTK' and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol "NVATY".
Copyright Business Wire 2010
Related Shares:
NVTK.L