NOVATEK receives A1 listing on MICEX stock exchange
OAO Novatek
NOVATEK RECEIVES A1 LISTING ON MICEX STOCK EXCHANGE
OAO NOVATEK (“NOVATEK” or the “Company”) announced today that it has
received official notification from the Moscow Interbank Currency
Exchange (“MICEX”) that the Company has met the requirements for a
category A1 listing on the exchange, the highest category available. The
upgrade from a category A2 to a category A1 listing will allow
government and non-government pension funds as well as insurance
companies to purchase NOVATEK’s shares thus broadening the Company’s
potential investor pool and increasing share liquidity.
Only securities that meet certain financial performance, liquidity,
corporate governance and disclosure requirements can be listed on the
MICEX. NOVATEK’s category A1 listing demonstrates the Company’s
continued commitment to financial and corporate governance best
practices.
NOVATEK’s shares began trading under the new listing on 9 October 2009.
Note:
The MICEX is Russia’s leading stock exchange and the largest stock
exchange in the CIS, Eastern and Central Europe. It is among the world’s
30 largest stock exchanges, and its share in the volume of on-exchange
trading in Russian assets, including Russian depository receipts for
Russian companies’ shares is approximately 63%.
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For further information, please visit www.novatek.ru
or contact:
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OAO 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 Region, which
is the world's largest natural gas producing area and accounts for over
90% of Russia's natural gas production and 20% 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) 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”.
