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    NVTK   US6698881090

NOVATEK

(NVTK)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/22 11:38:46 am
260.8 USD   +0.35%
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Novatek Joint Stock : Announcement on Court Hearings Regarding Deputy Chairman of the Management Board Mark Gyetvay

09/24/2021 | 11:12am EDT
Press Releases and Events NOVATEK Announcement on Court Hearings Regarding Deputy Chairman of the Management Board Mark Gyetvay
Moscow, 24 September 2021. In respect of court hearings regarding Deputy Chairman of PAO NOVATEK ("NOVATEK" and/or the "Company") Management Board Mark Gyetvay, NOVATEK would like to make the following statement.
As far as we know from US law enforcement reports, currently Mark Gyetvay is in the process of court hearing in the US regarding alleged personal tax evasion. The Company is not involved in the litigation and does not have any details of the court hearings. NOVATEK monitors the situation and will give all necessary support.
For many years, Mark Gyetvay is the main representative of NOVATEK for professional and investment community, making invaluable contribution to NOVATEK success. In 2014, Mark Gyetvay left the Board of Directors of NOVATEK and Chief Financial Officer's position, and according to the internal NOVATEK's order, subsequently was not involved in financial activities of the Company, including attracting financing.

The situation has absolutely no effect on NOVATEK's operational and financial activities.

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. The Company's upstream activities 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".

Disclaimer

OAO Novatek published this content on 24 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2021 15:11:05 UTC.


© Publicnow 2021
All news about NOVATEK
10/18NOVATEK JOINT STOCK : Update on NOVATEK Buyback Program
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10/10NOVATEK JOINT STOCK : Finance Chief Seeks Dismissal of US Tax Fraud Case
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Analyst Recommendations on NOVATEK
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Financials (USD)
Sales 2021 14 510 M - -
Net income 2021 5 216 M - -
Net Debt 2021 1 066 M - -
P/E ratio 2021 16,1x
Yield 2021 3,05%
Capitalization 78 112 M 78 112 M -
EV / Sales 2021 5,46x
EV / Sales 2022 5,31x
Nbr of Employees -
Free-Float 61,8%
Chart NOVATEK
Duration : Period :
Novatek Technical Analysis Chart | NVTK | US6698881090 | MarketScreener
Technical analysis trends NOVATEK
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 260,30 $
Average target price 249,97 $
Spread / Average Target -3,97%
EPS Revisions
Managers and Directors
Leonid Viktorovich Mikhelson Chairman-Management Board & Executive Director
Mark Anthony Gyetvay CFO & Deputy Chairman-Management Board
Alexander Yegorovich Natalenko Chairman
Sergey Vladimirovich Vasyunin Director-Operations & Deputy Chairman
Viktor Petrovich Orlov Independent Director
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