2nd Sep 2010 13:57
FOR IMMEDIATE RELEASE
NOVATEK BOARD OF DIRECTORS ANNOUNCES EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
Moscow, 2 September 2010. The Board of Directors (the "Board") of OAO NOVATEK ("NOVATEK") has approved the decision to convene an Extraordinary General Meeting of Shareholders (EGM).
The Board has approved the following agenda for the EGM:
1. Approval of the recommendation by the Board for an interim dividend payment
2. Approval of a related party transaction between • «NOVATEK» and • «Gazprom» - Gas Transportation Services Agreement
3. Approval of a related party transaction between • «NOVATEK» and • «Gazprom» - Gas Delivery Agreement
The Board approved an interim dividend payment in the amount of RR 4,554,459,000 or RR 1.50 per ordinary share (RR 15.0 per GDR), based on the Russian Statutory Accounting results of OAO NOVATEK for the first six months of 2010. The interim dividend record date for holders of ordinary shares is 9 September 2010.
The date of compiling the list of shareholders entitled to participate in the EGM is 9 September 2010. Participation in the EGM will be carried out through absentee voting and all ballots must be received by 14 October 2010.
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For further information, please visit www.novatek.ru or contact:
| Press Service | Investor Relations | |||
| +7 (495) 721 2207 | +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 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), 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