1 Jun 2023 14:22

Novatek redomiciles company holding quasi-treasury shares to SAR

MOSCOW. June 1 (Interfax) - Novatek has redomiciled its 100% subsidiary Novatek Equity (Cyprus) Limited, used to purchase the company's shares as part of the buyback program, to a special administrative region.

According to the Unified State Register of Legal Entities, Novatek Equity (Cyprus) Limited has been redomiciled in Kaliningrad with authorized capital of 55,716,716.3 rubles.

According to Kaliningrad Region Development Corporation JSC, on May 31, Novatek Equity (Cyprus) Limited was included in the register of participants of the special administrative district on Oktyabrsky Island (Kaliningrad Region).

As of the last data disclosed as of February 28, 2022, Novatek Equity (Cyprus) Limited held 1.3832% of Novatek's ordinary shares and 0.2035% of its Global Depositary Receipts (GDR) on its balance sheet.

Novatek ceased listing GDRs on the London Stock Exchange in March 2023, but the GDR program remains active. Receipt holders may exercise their rights to the securities subject to the applicable Russian laws.