12th Mar 2015 14:30
NOVATEK BOARD OF DIRECTORS RECOMMENDS 2014 DIVIDEND
Moscow, 12 March 2015. OAO NOVATEK (the “Company”) today announced the results of its Board of Directors (the “Board”) meeting, whereby the Board recommended to the Annual General Meeting of Shareholders (“AGM”) to approve dividend payments on the Company’s shares in the amount of RR 5.2 per ordinary share (or RR 52 per GDR), excluding the interim dividends of RR 5.1 per ordinary share (or 51 per GDR) paid for the six months of 2014.
The total dividend distribution for 2014 is RR 10.3 per ordinary share (or RR 103 per GDR), which is 30.5% higher as compared to RR 7.89 (or RR 78.9 per GDR) for 2013.
The Company’s AGM will take place on 24 April 2015. Shareholders at the close of business on the 23 March 2015 will be entitled to participate in the Company’s AGM. The recommended date for compiling the list of shareholders entitled to receive dividends is 5 May 2015.
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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
[email protected] [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 Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 90% 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».
Copyright Business Wire 2015
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NVTK.L