NOVATEK's AGM Approves 2013 Dividends
OREANDA-NEWS. NOVATEK (“NOVATEK” and/or the “Company”) announced that the Annual General Meeting of Shareholders (“AGM”) approved the total dividend payment for 2013.
The total dividend for 2013 will amount to RR 7.89 per one ordinary share or RR 78.9 per one Global Depositary Receipt (GDR), including the interim dividends of RR 3.4 per ordinary share or RR 34.0 per one GDR paid for the first half 2013.
The list of persons entitled to receive dividends will be compiled as at 29 April 2014. The dividend is payable in cash not later than 6 June 2014.
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".
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