NOVATEK’s Board Recommends 1H 2019 Dividend
The Board of Directors (the “Board”) of PAO NOVATEK (“NOVATEK” and/or the “Company”) discussed the Company’s results for the first half 2019 and decided to convene an Extraordinary General Meeting of Shareholders (“EGM”) on 30 September 2019 in the form of absentee voting, with the following agenda:
- On the payment of interim dividends for the first half 2019; and
- On amendments to NOVATEK’s Charter.
The Board recommends the EGM to approve the proposed interim dividend payment for the first half 2019 in the amount of RR 43,206,634,380, which amounts to RR 14.23 per one ordinary share or RR 142.30 per one GDR. The recommended first half 2019 interim dividend is 53.8% higher as compared to the interim dividend for the first half 2018.
The list of persons entitled to take part in NOVATEK’s EGM will be compiled as of 6 September 2019. The Board recommended to compile the list of persons entitled to receive dividends as of 10 October 2019.
The Board also approved the Company’s Sustainability Report 2018 and amended the Regulations on the Remuneration and Nomination Committee, giving a new Sustainable Development function to the Committee.