NOVATEK’s EGM approves six month 2007 interim dividend
Moscow, 8 October 2007. OAO NOVATEK today announced that the Extraordinary General Meeting of Shareholders (EGM) on 4 October 2007 approved the proposed interim dividend based on the Company’s financial results for the six months ended 30 June 2007.
The EGM resolved to pay dividends on the Company’s shares in the amount of RR 0.83 per one ordinary share, or RR 8.30 per GDR. The total interim dividend distribution is RR 2,520,133,980.
The interim dividend is payable 60 days after shareholder approval, to shareholders of record at the close of business on 3 September 2007, which was also the date of record for shareholders eligible to participate in the Company’s EGM.
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.