NOVATEKâ€™s Board Recommends 1H 2020 DividendSource: RNS
FOR IMMEDIATE RELEASE
NOVATEK's Board Recommends 1H 2020 Dividend
Moscow, 25 August 2020. The Board of Directors (the "Board") of PAO NOVATEK ("NOVATEK" and/or the "Company") discussed the Company's financial and operational results for the First Half 2020 and decided to convene an Extraordinary General Meeting of Shareholders ("EGM") on 30 September 2020 in the form of absentee voting, with the following agenda:
1. On the payment of interim dividends for the First Half 2020.
The Board recommends the EGM to approve the proposed interim dividend payment for the First Half 2020 in the amount of RR 35,889,136,920, which amounts corresponds to the payment of RR 11.82 per one ordinary share or RR 118.20 per one GDR.
The list of persons entitled to take part in NOVATEK's EGM will be compiled as of 7 September 2020. The Board recommended to compile the list of persons entitled to receive dividends as of 12 October 2020.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company's subsidiaries and joint ventures 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 15% 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».