1 Sep 2009 07:00
The Board of Directors (the "Board") of OAO NOVATEK (the "Company" or "NOVATEK") has approved the decision to convene an Extraordinary General Meeting of Shareholders (EGM).
The Board has approved the following agenda for the EGM:
1. Approval of the recommendation by the Board for an interim dividend payment
2. To approve amendments to the Charter of NOVATEK
3. To approve amendments to the Regulations for NOVATEK's General Meetings of Shareholders
4. To approve amendments to the Regulations for NOVATEK's Board of Directors
5. To approve amendments to the Regulations for NOVATEK's Management Board
The Board approved an interim dividend payment in the amount of RR 3,036,306,000 or RR 1.00 per ordinary share (RR 10.0 per GDR), based on the Russian Statutory Accounting results of
OAO NOVATEK for the first six months of 2009. The interim dividend record date for holders of ordinary shares is 9 September 2009.
The Board proposed for approval by the EGM certain amendments to the Company's Charter and internal regulatory documents. The changes clarify the election procedure and activities of the Board of Directors and the Management Board. A list of proposed changes to the Charter can be found on the website of NOVATEK.
The date of compiling the list of shareholders entitled to participate in the EGM is 9 September 2009. Participation in the EGM will be carried out through absentee voting and all ballots must be received by 15 October 2009.
For further information, please visit www.novatek.ru or contact:
Press Service+7 (495) 721 2207 press@novatek.ru | Investor Relations+7 (495) 730 6020IR@novatek.ru |
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 Region, which is the world's largest natural gas producing area and accounts for over 90% of Russia's natural gas production and 20% 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 on the Russian Trading System (RTS) 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".
Copyright Business Wire 2009