Press Releases and Events
NOVATEK share split temporarily suspends trading in ordinary shares
Moscow, 26 July 2006. OAO NOVATEK announced that as a result of the Company’s share split trading in its ordinary registered shares will be suspended on the RTS and MICEX exchanges effective 27 July 2006. The suspension in trading is due to the conversion of 3,036,306 ordinary shares with a nominal value of one hundred Russian roubles per share to 3,036,306,000 ordinary shares with a nominal value of ten Russian kopeks per share. The effective date of the share split will be 27 July 2006.
Trading will resume after the Russian Federal Financial Markets Service confirms the split and placement of new ordinary shares.
The Company’s GDRs will continue to trade however, there will be no new GDR issuances or cancellations until trading in ordinary shares resumes.
PAO NOVATEK is one of the largest independent natural gas producers 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 Area, 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.