Press Releases and Events
Notice of Intended Delisting from the London Stock Exchange
Moscow, 7 February 2023. PAO NOVATEK (the “Company”), LEI code 2138008R6GCRVBDFA581, in connection with the actual suspension of trading of the Company’s depositary receipts from 3 March 2022, hereby notifies of its request to the UK Financial Conduct Authority (FCA) to cancel the listing of the Company’s global depositary receipts issued under Regulation S, ISIN US6698881090 (the “GDRs”), and a request to the London Stock Exchange (“LSE”) to cancel the GDRs admission to trading on the LSE Main Market (the “LSE Listing Cancellation”).
In accordance with the Listing Rule 5.2.8, 7 March 2023 will be the last day of listing for the GDRs on the London Stock Exchange. Therefore, the LSE Listing Cancellation becomes effective at 8.00 am (GMT) on 8 March 2023.
Following the LSE Listing Cancellation, the Company will continue listing its shares on the regulated market of the Moscow Exchange.
The GDR program remains in force and is operational. The GDR holders may exercise their rights under the securities subject to applicable Russian law.
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.