RU EN
We are in social networks:

Archive

NOVATEK announces registration of Prospectus for securities issue

Moscow, 24 July 2006. OAO NOVATEK announced today that on 20 July 2006 the Federal Financial Markets Service (FFMS) of Russia has officially registered the Company’s Prospectus for the issue of securities related to the Company’s planned split of its ordinary shares. As a result of the share split one ordinary registered share, with a nominal value of one hundred Russian roubles per share, will be converted into 1,000 shares of the same category with a nominal value of ten Russian kopeks per share. The Company’s share split will not impact the size of its charter capital or the rights granted to each shareholder.

The issue of 3,036,306,000 shares has been registered on 20 July 2006 by the FFMS of Russia under State registration number 1-02-00268-E. The share conversion will become effective on the seventh day following the issue registration date. At the same time, the FFMS also approved the placement of 910,589,000, or 29.99%, of the Company’s total ordinary shares outstanding for trading in the form of GDRs. The Company’s Global Depository Receipts (GDR) ratio will be changed automatically from one hundred (100) GDRs representing one (1) ordinary share to one (1) GDR representing ten (10) ordinary shares.

NOVATEK believes that the share split will increase the liquidity of its shares traded on the Russian stock market.


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”.