OAO Novatek Update on NOVATEK buyback program
21 April 2014 - 9:53AM
UK Regulatory
TIDMNVTK
UPDATE ON NOVATEK BUYBACK PROGRAM
OAO NOVATEK ("NOVATEK" and/or the "Company") announces today
that pursuant to the Company's buyback program announced on 7 June
2012, during the period from 14 through 17 April 2014, 874,940
ordinary shares (including in a form of Global Depositary Receipts)
were purchased on the open market.
For further information, please visit www.novatek.ru or
contact:
Press Service+7 (495) 721 2207 Investor Relations+7 (495)
press@novatek.ru 730 6013IR@novatek.ru
OAO NOVATEK is Russia's largest independent gas producer and the
second-largest natural gas producer in Russia. Founded in 1994,
NOVATEK is engaged in the exploration, production, processing and
marketing of natural gas and liquid hydrocarbons. Its 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. NOVATEK's shares and GDRs are listed on MICEX-RTS Stock
Exchange in Russia and the London Stock Exchange (LSE),
respectively, under the ticker symbol "NVTK".
This information is provided by Business Wire