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NOVATEK’s Shareholders Approve Interim Dividends
Mark Gyetvay, Deputy Chairman of the Management Board
Alexander Nazarov, Head of IR
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Maria Dokuchaeva, Press-secretary
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01 October 2019
Moscow, 1 October 2019. The Extraordinary General Meeting of Shareholders (“EGM”) of PAO NOVATEK held on 30 September 2019 resolved to pay dividends for the first half 2019.
The EGM approved the interim dividend payment for the first half 2019 in the amount of RR 14.23 per one ordinary share or RR 142.30 per one GDR, with total dividend distribution amounting to RR 43,206,634,380. The approved interim dividend is 53.8% higher as compared to the interim dividend for the first half 2018.
The shareholders of record as at 10 October 2019 will be entitled to receive dividends.
The EGM also approved amendments to NOVATEK’s Charter.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG 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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