28th Apr 2011 14:03
NOVATEK's AGM APPROVES 2010 DIVIDENDS
Moscow, 28 April 2011. OAO NOVATEK ("NOVATEK" and/or the "Company") announced that the Annual General Meeting of Shareholders (AGM) approved the Company's dividends payment for 2010.
The AGM resolved to pay dividends in the amount of RR 2.5 per one ordinary share or
RR 25.0 per one Global Depositary Receipt (GDR). The total dividend distribution for 2010, including interim dividends paid for first half of 2010, amounts to RR 4.0 per one ordinary share or RR 40.0 per one GDR.
The interim dividend is payable 60 days after shareholder approval to shareholders of record of the list of persons entitled to receive dividends compiled on 22 March 2011, which also coincided with the date for making a list of those entitled to attend the Company's AGM.
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For further information, please visit www.novatek.ru or contact:
| Press Service+7 (495) 721 2207[email protected]
| Investor Relations+7 (495) 730 6013[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 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