Press Releases and Events
NOVATEK Rule 144A GDR program is terminated and listing of NOVATEK Rule 144A GDRs on the LSE is cancelled
Moscow, 09 July 2012. Joint Stock Company “NOVATEK” (“NOVATEK”) announces that its Rule 144A global depositary receipt program (“Rule 144A GDR program”) is closed effective as of 9 July 2012 and no deposits of ordinary shares of NOVATEK may be accepted into the Rule 144A GDR program as of 9 July 2012.
NOVATEK further announces that listing and admission to trading of its Rule 144A GDRs (CUSIP: 669888208, ISIN: US6698882080) on the London Stock Exchange (“LSE”) has been cancelled with effect from start of trading on 9 July 2012. Trading in NOVATEK GDRs will continue in the form of Regulation S global depositary receipts of NOVATEK (CUSIP: 669888109, ISIN: US6698881090) listed and admitted to trading on the LSE under the ticker symbol “NVTK”.
At any time prior to and on 10 January 2013 holders of Rule 144A GDRs may deliver their NOVATEK Rule 144A GDRs to the Depositary for cancellation and withdrawal of the underlying ordinary shares of NOVATEK, subject to and in accordance with the terms and conditions in the Rule 144A Deposit Agreement, or request conversion into Regulation S GDRs, provided that the appropriate certifications are given to the Depositary. In accordance with the Rule 144A Deposit Agreement, at any time after 10 January 2013, the Depositary may sell the ordinary shares of NOVATEK represented by the Rule 144A GDRs then outstanding and apply proceeds of such sale in accordance with the Rule 144A Deposit Agreement.
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.