(AGENPARL) - Roma, 19 Agosto 2022 - (AGENPARL) – ven 19 agosto 2022 FOR IMMEDIATE RELEASE
Announcement Regarding Automatic Conversion of Depositary Receipts
Moscow,
August 2022
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced
today that in accordance with cl. 13, art.
6 of Federal Law No. 114
FZ On Amending the Federal
On Joint
Stock Companies
and Certain Legislative Acts of the Russian Federation dated
April 16, 2022 (as amended on July 14, 2022) and with due regard to the interests of depositary
receipt
(DR)
ders, the Company has given a notice to the
custodian
maintaining the custodial
account for
DR program
(AO Raiffeisenbank)
start
automatic conversion of depositary
receipts.
The automatic conversion procedure is only applicable to the receipts
held
Russian
custodians
If the
depositary receipts
held
foreign custodians
and the holders of such receipts cannot
convert them otherwise due to the existing restrictions, such holders may file an application for
a forced conversion procedure. In this case, the GDR holder may file an appli
cation to
Raiffeisenbank by October 12, 2022 together with documents evidencing such holder
ownership of the depository receipts and specifying the foreign nominee holder details as well as
other relevant information. The depositary receipts will be c
onverted into ordinary shares after
October 12, 2022, provided that AO Raiffeisenbank has no reasonable doubts as to the
completeness and/or accuracy of the information contained in the application.
The Company
s global depository receipts currently remain
in circulation outside the Russian
Federation.
further
information
please
visit
novatek
contact:
Press Service
Investor Relations
+7 (495) 730
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
Compan
y is engaged in the exploration, production, processing and marketing of natural gas and
liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures 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.