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NOVATEK’s Board of Directors Recommend 1H 2017 Dividend
Mark Gyetvay, Deputy Chairman of the Management Board
Alexander Nazarov, Head of IR
+7 (495) 730-6013
Yury Melihov, Press-secretary
+7 (495) 721-2207
25 August 2017
Moscow, 25 August 2017. The Board of Directors (the “Board”) of PAO NOVATEK (“NOVATEK” and/or the “Company”) discussed the Company’s results for the first half 2017 and decided to convene an Extraordinary General Meeting of Shareholders (“EGM”) on 29 September 2017 in the form of absentee voting, with the following agenda:
The Board recommended to the EGM to approve an interim dividend payment for the first half 2017 in the amount of RR 21,102,326,700, which amounts to RR 6.95 per one ordinary share or RR 69.50 per one GDR. The recommended interim dividend for the first half 2017 is 0.7% higher as compared to the interim dividend for the first half 2016.
The list of persons entitled to take part in NOVATEK’s EGM will be compiled as of 6 September 2017. The Board recommended to compile the list of persons entitled to receive dividends as of 10 October 2017.
Due to expiration of powers of the members of the Management Board, the Board of Directors re-elected the Management Board of the Company as before. The Board of Directors also amended NOVATEK’s Information Policy, which was aligned with the actual recommendations of the Bank of Russia.
PAO NOVATEK is one of the largest independent natural gas producers 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 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 16% 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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