News Column

NOVATEK Board of Directors recommends 1H 2014 dividend

September 1, 2014



Moscow, 1 September 2014.OAO NOVATEK (“NOVATEK” or the “Company”) announced the results of its Board of Directors (“the Board”) meeting. The Board discussed the Company’s results for the first half 2014 and decided to convene an Extraordinary General Meeting of Shareholders (“EGM”) in the form of absentee voting on 14 October 2014 to approve the interim dividends for the first half 2014. The list of persons entitled to participate in the Company’s EGM will be compiled as of 11 September 2014.

The Board recommended to the EGM to approve an interim dividend payment for the first half 2014 in the amount of RR 15,485,160,600, which is RR 5.10 per one ordinary share or RR 51.0 per one GDR. This recommendation represents a 50.0% increase in the dividend payment as compared to the interim dividend for the first half 2013. The Board recommended to compile the list of persons entitled to receive dividends as of 27 October 2014.

The Board of Directors also approved the Anti-corruption Policy and the Regulations on the Risk Management and Internal Control System of OAO NOVATEK. The documents are available on the Company’s website at


For further information, please visit or contact:

Press ServiceInvestor Relations

+7 (495) 721 2207 +7 (495) 730 6013


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”.

OAO Novatek

Source: OAO Novatek

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Business Wire (UK Regulatory)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters