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NOVATEK’s shareholders approve interim dividends
25 September 2015
Moscow, 25 September2015. The Extraordinary General Meeting of Shareholders (“EGM”) of OAO NOVATEK resolved to pay dividends for the first half 2015.
The EGM approved the interim dividend payment for the first half 2015 in the amount of RR 20.0 billion, which is 30% of the consolidated net profit under IFRS adjusted for non-cash items and amounts to RR 6.6 per one ordinary share or RR 66.0 per one GDR. The recommended interim dividend for the first half 2015 is 29% higher as compared to the interim dividend for the first half 2014.
The dividend record date is 6 October 2015.
PAO NOVATEK is the largest independent natural gas producer 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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