20th Mar 2012 07:01
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 dividend payments on the Company's shares in the amount of RR 3.5 per ordinary share, excluding the interim dividends of RR 2.5 per ordinary share paid for the six months of 2011. The Board's Corporate Governance Committee recommended the dividend payment based on NOVATEK's annual results for 2011 prepared in accordance to Russian accounting standards.
The total dividend distribution per ordinary share for 2011, amounts to RR 6.00 per one ordinary share.
The Company's AGM will take place on 27 April 2012. Shareholders of at the close of business on the 23 March 2012 will be entitled to receive dividends and participate in the Company's AGM.
For further information, please visit www.novatek.ru or contact:
| Press Service | Investor Relations | ||
| +7 (495) 721 2207 | +7 (495) 730 6013 | ||
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
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