NOVATEK Board of Directors recommends 2014 dividend
OAO NOVATEK has announced the results of its Board of Directors meeting, whereby the Board recommended to the Annual General Meeting of Shareholders to approve dividend payments on the Company’s shares in the amount of RR 5.2 per ordinary share (or RR 52 per GDR), excluding the interim dividends of RR 5.1 per ordinary share (or 51 per GDR) paid for the six months of 2014.
The total dividend distribution for 2014 is RR 10.3 per ordinary share (or RR 103 per GDR), which is 30.5% higher as compared to RR 7.89 (or RR 78.9 per GDR) for 2013.
The Company’s AGM will take place on 24 April 2015. Shareholders at the close of business on the 23 March 2015 will be entitled to participate in the Company’s AGM. The recommended date for compiling the list of shareholders entitled to receive dividends is 5 May 2015.
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 Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».
