2018 April 20 17:29

NOVATEK’s AGM approves 2017 dividends

PAO NOVATEK announced that the Annual General Meeting of Shareholders approved the total dividend payment for 2017.

The total dividend distribution for 2017 will amount to RR 14.95 per ordinary share (or RR 149.5 per GDR), representing an increase of 7.6% as compared to RR 13.9 (or RR 139 per GDR) for 2016.

The shareholders of record as at 3 May 2018 will be entitled to receive dividends.

The dividend is payable in cash not later than 8 June 2018.

PAO NOVATEK is one of the largest independent natural gas producers 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 mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 16% of the world’s gas production. NOVATEK is a public 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».