Novatek can pay 21 bln rbl in dividends for January–June

MOSCOW, Aug 25 (PRIME) -- The board of directors of Russian gas producer Novatek has recommended paying 21.102 billion rubles, or 6.95 rubles per share, in dividends for January–June, the company said in a statement on Friday.

The shareholder register was offered to be closed on October 10.

The company’s net profit attributable to shareholders fell about 53% on the year to 74.261 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS).

The company paid 6.9 rubles per share, or a total of 21.2 billion rubles, in dividends for January–June 2016 and 7 rubles per share, or 21.2 billion rubles, in final dividends for 2016.

Novatek’s major shareholders are its CEO Leonid Mikhelson with a 24.75% stake, businessman Gennady Timchenko’s Volga Group with 23.49%, France’s Total with 18.64%, and gas giant Gazprom with a 9.99% stake.

(59.1397 rubles – U.S. $1)

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