Press Releases and Events
NOVATEK’S ordinary shares resume trading
Moscow, 15 August 2006. OAO NOVATEK announced today that the Russian Federal Financial Markets Service has registered the Report regarding the placement of 3,036,306,000 newly issued ordinary shares with a nominal value of ten Russian kopeks per share. The Company’s ordinary shares have resumed trading on the RTS exchanges, under the trading symbols NVTK and NVTKG, and new issuances and cancellations of Global Depository Receipts (GDR) are now possible.
The newly issued shares are related to the share split, effective 27 July 2006, which converted one ordinary registered share, with a nominal value of one hundred roubles, into 1,000 shares of the same category with a nominal value of ten kopecks. The Company’s GDR ratio was changed automatically from one hundred (100) GDR representing one (1) ordinary share to one (1) GDR representing ten (10) ordinary shares. The Company’s charter capital remained unchanged.
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.