11th Apr 2011 16:21
NOVATEK BOARD OF DIRECTORS ANNOUNCES EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
Moscow, 11 April 2011. The Board of Directors (the "Board") of OAO NOVATEK ("NOVATEK") has approved the decision to convene an Extraordinary General Meeting of Shareholders ("EGM") at the behest of Total E&P ARCTIC RUSSIA, which owns more than 10% of NOVATEK's ordinary shares.
The Board has approved the following agenda for the EGM:
1. Early termination of authorities of the members of NOVATEK's Board of Directors.
2. Election of NOVATEK's Board of Directors
3. Approval of related party transactions
The Company's EGM will take place on 27 June 2011. Shareholders of record at the close of business on the 11 April 2011 will be entitled to participate in the Company's EGM. All relevant materials pertaining to the EGM will be made available to shareholders of record through the appropriate notification channels.
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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 83% of Russia's natural gas production and 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 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 2011
Related Shares:
NVTK.L