12th May 2016 07:44
FOR IMMEDIATE RELEASE
Notification by Persons DischargingManagerial Responsibilities
Moscow, 12 May 2016. OAO NOVATEK ("NOVATEK" and/or the "Company") has received notice from the member of the Company's Board of Directors Gennady Timchenko regarding a change in his direct equity stake of ordinary shares of NOVATEK.
Name | % of ordinary shares prior to notification | % of ordinary shares after notification | Date of notification of change in equity stake |
Gennady Timchenko | 13.20% | 0% | 11.05.2016 |
The Company has also received a notification from Volga Group about an increase in its direct equity stake of ordinary shares of NOVATEK from 10.26% to 23.46%.
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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 80% of Russia's gas production and approximately 16% 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 Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».
Related Shares:
NVTK.L