7th Apr 2009 14:00
NOVATEK BOARD ?F DIRECTORS APPROVES AGENDA FOR ANNUAL GENERAL MEETING OF SHAREHOLDERS
OAO NOVATEK (the "Company") today announced the results of its Board of Directors (the "Board") meeting in preparation for the Company's upcoming Annual General Shareholders meeting ("AGM"). The Board reviewed each of the Board Committees' reports and recommendations and gave preliminary approval to the Company's annual report for 2008.
The Board has approved the following agenda for the Company's AGM:
1. To approve the Company's Russian statutory accounts and annual report for the year ended 31 December 2008, and the allocation of profit and loss, including approval of the final dividend, payable to shareholders based on NOVATEK's 2008 Russian statutory results;
2. Introduction of amendments to the Regulation of the Board of Directors of OAO NOVATEK;
3. Election of members of the Board of Directors of OAO NOVATEK;
4. Election of members of the Revision Commission of OAO NOVATEK;
5. To appoint the Company's auditor for 2009;
6. To approve the remuneration to members of OAO NOVATEK's Board of Directors;
7. To approve the remuneration to members of OAO NOVATEK's Revision Commission; and
8. Approval of a related party transaction (Amendment to the Natural Gas Transportation Agreement N22NPtr/k-2004 of 6 October 2003 between OAO Gazprom and OAO NOVATEK).
The Company's AGM will take place on 27 May 2009. Shareholders of record at the close of business on the 20 April 2009 will be entitled to participate in the Company's AGM.
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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 6020[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 Region, which is the world's largest natural gas producing area and accounts for over 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) 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 2009
Related Shares:
NVTK.L