NOVATEK's Board of Directors Recommends 2021 Dividend
Moscow, 18 March 2022. PAO NOVATEK (the “Company”) announced the results of its Board of Directors (the “Board”) meeting, whereby the Board recommended to the Annual General Meeting of Shareholders (“AGM”) to approve dividend payments on the Company’s shares in the amount of RR 43.77 per ordinary share (or RR 437.7 per GDR), excluding the interim dividends of RR 27.67 per ordinary share (or RR 276.7 per GDR) paid for the six months of 2021.
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.