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Notification by persons discharging managerial responsibilities
31 December 2015
Moscow, 31 December 2015. OAO NOVATEK (“NOVATEK” and/or the “Company”) has received notice from the member of the Company’s Board of Directors Gennady Timchenko regarding a change in his direct equity stake of ordinary shares of NOVATEK.
PAO NOVATEK is the largest independent natural gas producers in Russia, and in 2017, entered the global gas market by successfully launching the Yamal LNG project. 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 mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.
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