Notification by persons discharging managerial responsibilities
Moscow, 24 March 2010. OAO NOVATEK (the “Company”) has received notice from a member of the Company’s Management Board regarding a change in their direct equity stake of ordinary shares of NOVATEK.
|Name||% of ordinary shares prior to notification||% of ordinary shares after notification||Date of notification of change in equity stake|
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. Upstream activities of the Company’s subsidiaries and joint ventures 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.