7th Apr 2009 14:00
NOVATEK BOARD OF DIRECTORS RECOMMENDS 2008 DIVIDEND
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 1.52 per one ordinary share. The Board's Corporate Governance Committee recommended the dividend payment based on NOVATEK's annual results for 2008 prepared in accordance to Russian accounting standards.
The total dividend distribution per ordinary share for 2008, including interim dividends paid for six months of 2008, amounts to RR 2.52 per one ordinary share.
The Company's AGM will take place on 27 May 2009. Shareholders of record at the close of business on the 20 April 2009 will be entitled to receive dividends and to participate in the Company's AGM.
.
For further information, please visit www.novatek.ru or contact:
| Press Service+7 (495) 721 2207 | Investor Relations+7 (495) 730 [email protected] |
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 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 2009
Related Shares:
NVTK.L