OREANDA-NEWS. April 24, 2012. NOVATEK (“NOVATEK” and/or the “Company”) has received notice from the Chairman of the Company’s Management Committee Leonid Mikhelson regarding a change in his direct equity stake of ordinary shares of NOVATEK.
 
Name -Leonid V. Mikhelson
% of ordinary shares prior to notification- 0.4686% 
% of ordinary shares after notification - 0.6686%
Date of notification of change in equity stake -  24.04.2012

OJSC 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 84% 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” and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol “NVATY”.