Press Releases and Events
NOVATEK receives A1 listing on MICEX stock exchange
Moscow, 12 October 2009. OAO NOVATEK (“NOVATEK” or the “Company”) announced today that it has received official notification from the Moscow Interbank Currency Exchange (“MICEX”) that the Company has met the requirements for a category A1 listing on the exchange, the highest category available. The upgrade from a category A2 to a category A1 listing will allow government and non-government pension funds as well as insurance companies to purchase NOVATEK’s shares thus broadening the Company’s potential investor pool and increasing share liquidity.
Only securities that meet certain financial performance, liquidity, corporate governance and disclosure requirements can be listed on the MICEX. NOVATEK’s category A1 listing demonstrates the Company’s continued commitment to financial and corporate governance best practices.
NOVATEK’s shares began trading under the new listing on 9 October 2009.
The MICEX is Russia’s leading stock exchange and the largest stock exchange in the CIS, Eastern and Central Europe. It is among the world’s 30 largest stock exchanges, and its share in the volume of on-exchange trading in Russian assets, including Russian depository receipts for Russian companies’ shares is approximately 63%.
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.