NOVATEK BoD approves agenda for Annual General Meeting of Shareholders
OAO NOVATEK has announced the results of its Board of Directors (the “Board”) meeting in preparation for the Company’s upcoming Annual General Meeting of Shareholders (“AGM”).
The Board has approved the following agenda for the Company’s AGM:
1. To approve the Company’s Russian statutory accounts and annual report for the year ended 31 December 2013, and the allocation of profit and loss, including approval of the final dividend, payable to shareholders based on OAO NOVATEK’s 2013 Russian statutory results;
2. Election of members of the Board of Directors of OAO NOVATEK;
3. Election of members of the Revision Commission of OAO NOVATEK;
4. To appoint the Company’s auditor for 2014;
5. To approve the remuneration to members of OAO NOVATEK’s Board of Directors;
6. To approve the remuneration to members of OAO NOVATEK’s Revision Commission;
7. To approve amendments to the Charter of OAO NOVATEK;
8. To approve amendments to the Regulations for General Meetings of Shareholdersof OAO NOVATEK;
9. To approve amendments to the Regulations for Board of Directors of OAO NOVATEK; and
10. To approve related party transactions between OAO NOVATEK and Gazprombank (OAO).
The Company’s AGM will take place on 18 April 2014. Shareholders at the close of business on the 14 March 2014 will be entitled to participate in the Company’s AGM. Shareholders at the close of business on the 29 April 2014 will be entitled to receive dividends.
OAO NOVATEK is Russia’s largest independent gas producer and the second-largest natural gas producer in Russia. 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 in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 90% of Russia’s natural gas production and approximately 17% of the world’s gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the ticker symbol «NVTK».
