OREANDA-NEWS. August 29, 2011. NOVATEK (“NOVATEK” and/or the “Company”) has announced the results of its Board of Directors (“the Board”) meeting held in the Yamal Nenets Autonomous Region (“YNAO”) on 28 August 2011.
 
The Board has approved the following:
 
1.    To convene an extraordinary general meeting of NOVATEK’s shareholders (“EGM”) in the form of absentee voting;
2.    To approve the Agenda of NOVATEK’s EGM - On The Payment Of Dividends for the First Half 2011;
3.    To determine the date of compiling a list of people entitled to take part in NOVATEK’s EGM - 8 September 2011;
4.    To recommend to the Company’s EGM to allocate for the First Half 2011 the dividend payment in the amount of RR 7,590,765,000, which constitutes RR 2.5 per one ordinary share (or RR 25.0 per GDR);
5.    To approve the Company’s Internal Regulation on the procedure of accessing NOVATEK’s insider information, the protection of its confidentiality, and the disclosure and control over the unlawful use of NOVATEK’s insider information.

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 over 83% of Russia's natural gas production and 16% 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), MICEX Stock Exchange 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”.