NOVATEK’s AGM approves 2008 dividends
Moscow, 27 May 2009. OAO NOVATEK announced that the Annual General Meeting of Shareholders (AGM) approved the Company’s dividends payment for 2008.
The AGM resolved to pay dividends in the amount of RR 1.52 per one ordinary share or RR 15.2 per one Global Depositary Receipt (GDR). The total dividend distribution for 2008, including interim dividends paid for first half of 2008, amounts to RR 2.52 per one ordinary share or RR 25.2 per one GDR.
The interim dividend is payable 60 days after shareholder approval, to shareholders of record of the list of persons entitled to receive dividends compiled on 20 April 2009, which also coincided with the date for making a list of those entitled to attend the Company’s AGM.
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.