Press Releases and Events
NOVATEK’s Board Recommends 1H 2023 Dividend
Moscow, 25 August 2023. The Board of Directors (the “Board”) of PAO NOVATEK (“NOVATEK” and/or the “Company”) discussed the Company’s results for the First Half 2023 and decided to convene an Extraordinary General Meeting of Shareholders (“EGM”) on 29 September 2023 in the form of absentee voting, with the following agenda:
- Payment of interim dividends for the First Half 2023.
The Board recommends the EGM to approve the proposed interim dividend payment for the First Half 2023 in the amount of RR 104,752,557,000, which corresponds to the payment of RR 34.50 per one ordinary share.
The list of persons entitled to take part in NOVATEK’s EGM will be compiled as of 5 September 2023. The Board recommended to compile the list of persons entitled to receive dividends as of 10 October 2023.
The Board of Directors also approved amendments to NOVATEK’s 001R series bond program dated 29 December 2016. The total amount of the program was expanded from RR 75 to RR 150 billion.
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.