25th Mar 2010 14:01
NOVATEK BOARD OF DIRECTORS RECOMMENDS 2009 DIVIDEND
Moscow, 25 March, 2010. OAO NOVATEK (the "Company") today announced the results of its Board of Directors (the "Board") meeting to recommend to the Annual General Meeting of Shareholders ("AGM") to approve the payment of dividends on the Company's shares in the amount of RR 1.75 per ordinary share. The Board's Corporate Governance and Remuneration Committee recommended the payment of dividends based on NOVATEK's annual results for 2009 prepared in accordance to Russian accounting standards.
The total dividend distribution per ordinary share for 2009, including interim dividends paid for the six months of 2009, amounts to RR 2.75 per one ordinary share.
The Company's AGM will take place on 28 April 2010. Shareholders of record at the close of business on the 22 March 2010 will be entitled to receive dividends and participate in the Company's AGM.
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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 6020 | ||||||
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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 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 2010
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NVTK.L