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    NVTK   US6698881090

NOVATEK

(NVTK)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/21 11:36:01 am
261 USD   -2.21%
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PAO NOVATEK : NOVATEK's Board of Directors Approves Report on Buyback Requests

06/15/2021 | 03:14am EDT
Press Releases and Events NOVATEK's Board of Directors Approves Report on Buyback Requests

Moscow, 15 June 2021. The Board of Directors of PAO NOVATEK ('NOVATEK' and/or the 'Company') approved the Report on shareholders requests for buyback by the Company of their holdings of NOVATEK shares (the 'Report'). According to the Report, the shareholders requested buyback of 49 ordinary shares which represents 0.000002% of total outstanding shares of NOVATEK.

Note

On 23 April 2021 the Company's Annual General Meeting of Shareholders ('AGM') approved a number of transactions and agreements related to external financing of the Arctic LNG 2 project. As stipulated by Articles 75 and 76 of the Federal Law on Joint Stock Companies, NOVATEK shareholders who voted against consent to enter into the transactions and agreements or did not take part in the voting on this agenda item, have the right to request full or partial buyback by the Company of their holdings of NOVATEK shares. The Board of Directors defined the buyback price at RR 1,256 per share based on the market value determined in the report of an independent appraiser, and not lower than the weighted average share price on the Moscow Exchange for a six-month period preceding the date of the decision to convene the AGM. Buyback requests could be filed within 45 days from the transaction approval by the AGM.

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 15 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2021 07:13:05 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 14 825 M - -
Net income 2021 5 216 M - -
Net Debt 2021 1 066 M - -
P/E ratio 2021 16,1x
Yield 2021 3,06%
Capitalization 77 992 M 77 992 M -
EV / Sales 2021 5,33x
EV / Sales 2022 5,30x
Nbr of Employees -
Free-Float 61,8%
Chart NOVATEK
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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 259,90 $
Average target price 249,97 $
Spread / Average Target -3,82%
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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