18th Oct 2010 07:13
RESULTS OF NOVATEK'S EXTRAORDINARY GENERAL MEETINGOF SHAREHOLDERS
Moscow, 18 October 2010. OAO NOVATEK (hereinafter "NOVATEK" and/or the "Company") announced that the Extraordinary General Meeting of Shareholders ("EGM") approved the Company's dividend payment based on NOVATEK's results for the first half of 2010 prepared in accordance with Russian accounting standards.
The EGM resolved to pay dividends in the amount of RR 1.50 per one ordinary share or RR 15.00 per one Global Depositary Receipt. The total dividend distribution for the first half of 2010 amounts to RR 4,554,459,000.
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 9 September 2010, which also coincided with the date for making a list of those entitled to attend the Company's EGM.
The EGM also approved the following related party transactions between • "NOVATEK" and • "Gazprom": Gas Transportation Services Agreement and Gas Delivery Agreement.
For more information regarding the voting details of NOVATEK's EGM please go to the Company's website, www.novatek.ru/eng/ir/meeting.
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For further information, please visit www.novatek.ru or contact:
| Press Service +7 (495) 721 2207 | Investor Relations +7 (495) 730 6013 |
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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 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), 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 2010
Related Shares:
NVTK.L