21st Dec 2010 14:24
NOTICE FROM THE COMPANY'S DIRECTORS
Moscow, 21 December 2010. OAO NOVATEK ("NOVATEK" or the "Company") today announced that it was notified by HIBRIDGE VENTURES LIMITED of its right to purchase NOVATEK's ordinary shares.
The Company was notified by HIBRIDGE VENTURES LIMITED, an entity that is owned 50/50 by a member of NOVATEK's Board of Directors and Chairman of NOVATEK's Management Board, Mr. Leonid V. Mikhelson, and a member of NOVATEK's Board of Directors, Mr. Gennady N. Timchenko, that on 21 December 2010, it entered into an agreement with DHIGNFINOLHU HOLDING LIMITED, that grants HIBRIDGE VENTURES LIMITED the right to purchase 285 508 031 ordinary shares, representing 9.4% of NOVATEK's charter capital, within a two-year period.
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For further information, please visit www.novatek.ru or contact:
| Press Service+7 (495) 721 2207[email protected]
| Investor Relations+7 (495) 730 6013[email protected] | ||||||
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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 is believed to account for approximately 83% of Russia's natural gas production and 16% of the world's gas production as of 2009. 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