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NOVATEK’s Shareholders Approve Interim Dividends

Moscow, 1 October 2021. The Extraordinary General Meeting of Shareholders (“EGM”) of PAO NOVATEK held on 30 September 2021 resolved to pay dividends for the First Half 2021.
 
The EGM approved the interim dividend payment for the First Half 2021 in the amount of RR 27.67 per one ordinary share or RR 276.70 per one GDR, with the total dividend distribution amounting to RR 84,014,587,020. The approved interim dividend represents an increase of 134.1% as compared to the interim dividend for the First Half 2020. The interim dividend is consistent with the Company’s approved Dividend Policy of distributing not less than 50% of the consolidated net profit under IFRS adjusted for the items unrelated to the Company’s core business and non-cash items.

The shareholders of record as at 11 October 2021 will be entitled to receive dividends.

 

 

 

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. The Company’s upstream activities 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. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.