NOVATEK’S AGM approves the company’s share split
Moscow, 2 June 2006. OAO NOVATEK today announced that the Annual General Meeting of Shareholders (AGM) approved the decision to split the Company’s ordinary shares. As a result of the share split one ordinary registered share with a nominal value of one hundred roubles will be converted into 1000 shares of the same category with a nominal value of ten kopecks subject to retention of the size of the charter capital and scope of rights granted to each shareholder.
The AGM underlined that the share split will increase the shares liquidity and convertibility.
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.