27th Apr 2012 13:01
NOVATEK's AGM APPROVES 2011 DIVIDENDS
Moscow, 27 April 2012. OAO NOVATEK ("NOVATEK" and/or the "Company") announced that the Annual General Meeting of Shareholders (AGM) approved the Company's dividends payment for 2011.
The AGM resolved to pay dividends on the Company's shares in the amount of RR 3.5 per one ordinary share or RR 35.0 per one Global Depositary Receipt (GDR), excluding the interim dividends of RR 2.5 per ordinary share or RR 25.0 per one GDR paid for the six months of 2011.
The total dividend distribution for 2011, including interim dividends paid for first half of 2011, amounts to RR 6.0 per one ordinary share or RR 60.0 per one GDR.
The dividend approved today is payable 60 days after shareholder approval to shareholders of record of the list of persons entitled to receive dividends compiled on 23 March 2012, which also coincided with the date for making a list of those entitled to attend the Company's AGM.
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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[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 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" and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol "NVATY".
Copyright Business Wire 2012
Related Shares:
NVTK.L