Archive
Notification by persons discharging managerial responsibilities and persons closely associated with them
Moscow, 1 February 2017.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | LLC Volga Group | |
2 | Reason for the notification | ||
a) | Position/status | Entity 99.99% owned by the member of the Board of Directors Gennady Timchenko | |
b) | Initial notification/Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | PAO NOVATEK | |
b) | LEI | - | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
4.1 | |||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares RU000A0DKVS5 | |
b) | Nature of transaction | Return of stock by LLC Volga Group to the PDMR Gennady Timchenko under a stock loan agreement dated 20.01.2016 | |
c) | Price and volume | Price RUB 546.50 | Volume 34,167,892 |
d) | Aggregated information Price Volume Total | 546.50 34,167,892 RUB 18,672,752,978.00 | |
e) | Date of transaction | 20.01.2017 | |
f) | Place of transaction | Outside a trading venue | |
4.2 | |||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares RU000A0DKVS5 | |
b) | Nature of transaction | Return of stock by LLC Volga Group to the PDMR Gennady Timchenko under a stock loan agreement dated 28.04.2016 | |
c) | Price and volume | Price RUB 613.80 | Volume 400,934,172 |
d) | Aggregated information Price Volume Total | 613.80 400,934,172 RUB 246,093,394,773.60 | |
e) | Date of transaction | 20.01.2017 | |
f) | Place of transaction | Outside a trading venue | |
4.3 | |||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares RU000A0DKVS5 | |
b) | Nature of transaction | Transfer of stock by the PDMR Gennady Timchenko to LLC Volga Group under a stock loan agreement dated 20.01.2017, an entity 99.99% directly owned by the PDMR | |
c) | Price and volume | Price RUB 726.00 | Volume 713,175,098 |
d) | Aggregated information Price Volume Total | 726.00 713,375,098 RUB 517,765,121,148.00 | |
e) | Date of transaction | 20.01.2017 | |
f) | Place of transaction | Outside a trading venue |
PAO NOVATEK is one of the largest independent natural gas producers 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. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Area, 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.