Press Releases and Events
Notice of change of the GDR program depositary bank
Moscow, 29 February 2016. OAO NOVATEK (“NOVATEK” and/or the “Company”) announces the completion of change of the depositary bank administering the Company’s Global Depositary Receipts (GDR) program.
The new depositary bank for the Company’s GDR program is Bank of New York Mellon with the respective agreement in effect from 29 February 2016. Previously, the Company’s depositary bank was Deutsche Bank.
Holders of NOVATEK’s GDRs are not required to take any action in connection with the depositary change.
The Bank of New York Mellon Corporation is one of the leading asset management and securities servicing companies. It is a member of the United States Federal Reserve System. For more information on the new depositary, please visit www.bnymellon.com.
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.