Press Releases and Events
Notification by persons discharging managerial responsibilities
Moscow, 10 January 2017.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Gennady Timchenko | |
2 | Reason for the notification | ||
a) | Position/status | Director | |
b) | Initial notification/Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | PAO NOVATEK | |
b) | LEI | - | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
4.1 | |||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares RU000A0DKVS5 | |
b) | Nature of transaction | Return of stock under a loan agreement dated 22/12/15 | |
c) | Price and volume | Price RUB 584.50 | Volume 277,303,034 |
d) | Aggregated information Price Volume Total | 584.50 277,303,034 RUB 162,083,623,373.00 | |
e) | Date of transaction | 2016-12-22 | |
f) | Place of transaction | Outside a trading venue | |
4.2 | |||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares RU000A0DKVS5 | |
b) | Nature of transaction | Off-market purchase by director of PAO NOVATEK Gennady Timchenko from VRN S.A.R.L. | |
c) | Price and volume | Price RUB 783.70 | Volume 770,000 |
d) | Aggregated information Price Volume Total | 783.70 770,000 RUB 603,449,000.00 | |
e) | Date of transaction | 2016-12-23 | |
f) | Place of transaction | Outside a trading venue | |
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.