29th Sep 2006 09:59
CHANGE IN NOVATEK SHAREHOLDERS £ Moscow, 29 September 2006. OAO NOVATEK today announced a change in theequity stakes of the Company•s core shareholders. As of 29 September 2006,NOVATEK•s core shareholders, OOO Levit and SWGI Growth Fund (Cyprus) Limited,have reduced their equity stakes in the Company from 46.56% to 32.31% and from19.39% to 14.25%, respectively. The change in the equity stakes is the result ofconcluding the transaction for the sale of 19.4% of the Company•s outstandingordinary shares, to £££ Gazprom, represented by ZGG GmbH. *** \* TFor further information, please visit www.novatek.ru or contact: Press Service Investor Relations+7 (495) 721 22 07 +7 (495) 730 [email protected] [email protected]\* T *** £ OAO NOVATEK is Russia•s largest independent gas producer and thesecond-largest natural gas producer in Russia. Founded in 1994, the Company isengaged in the exploration, production, processing and marketing of natural gasand liquid hydrocarbons. The Company•s upstream activities are concentrated inthe prolific Yamal-Nenets Region, which is the world's largest natural gasproducing area and accounts for over 90% of Russia's natural gas production and20% of the world•s gas production. £ NOVATEK is an open joint stock company established under the laws of theRussian Federation. The Company•s shares are listed on the Russian TradingSystem (RTS) and as Global Depository Receipts (GDR) on the London StockExchange (LSE) under the •NVTK• ticker symbol and on the NASDAQ PORTAL System asRule 144A Depository Receipts under the ticker symbol •NVATY•. Copyright Business Wire 2006Related Shares:
NVTK.L