Last checked at 12 Dec 2016 11:37
PJSC Tatneft / Miscellaneous - High Priority20th Anniversary of Listing: Tatneft opened the market for trading at theLondon Stock Exchange and held a meeting with international investors 12-Dec-2016 / 13:37 CET/CESTDissemination of a Regulatory Announcement, transmitted by EquityStory.RS,LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 20th Anniversary of Listing: Tatneft opened the market for trading at theLondon Stock Exchange and held a meeting with international investors 12 December 2016 On 12 December the General Director of Tatneft Mr. Nayl Maganov in thepresence of the Ambassador of the Russian Federation to the United KingdomMr. Alexander Yakovenko and the CEO of London Stock Exchange plc Mr. NikhilRathi opened the market for trading at the London Stock Exchange and held ameeting with international investors. These events were associated with the 20th anniversary of the Companyobtaining listing on the London Stock Exchange. In December 1996 Tatneftbecame one of the first Russian companies placing its securities ininternational financial markets and opened access of internationalinvestors to its shares via the depositary receipts.The market opening ceremony was attended by the senior management of TheBank of New York Mellon (the Company's ADR program depositary bank), PwC(the auditor), Cleary Gottlieb (the Company's legal counsel in relation tothe offering of its securities in the international financial markets),Independent Directors and top managers of the Company and those whoparticipated in the organization of placement of Tatneft securities inLondon.In his speech at the ceremony Nayl Maganov emphasized the critical rolethat the 1996 listing had for attracting investments required for thedevelopment of Tatneft. The General Director of the Company stated thatdespite current strengthening of the Russian securities market, thedevelopment of its trading and settlement infrastructure, the London StockExchange keeps its role as the platform through which the widest range ofinvestors has access to the Company's securities, whilst the interest inTatneft shares remains at a high level.On the same day Tatneft held its Investor Day meeting in London where thefeatures of the Company's development and growth, expected operationalresults for 2016, the plans for 2017, the Group Strategy 2025, the IFRSresults for the third quarter of 2016 and the capital structure werepresented to international institutional investors and stock marketanalysts.The core pillars of strategic development of the Company are human capital,technological leadership and effective utilization of the Company'sresources and assets. This year has been successful for Tatneft in allareas of its operations: crude oil production growth by the end of the yearis expected to reach +5.3% (28.7 million tonnes); the delayed coker waslaunched at the TANECO complex, eliminating fuel oil production andincreasing the refining conversion rate to over 99%; the marketcapitalization by the beginning of December has exceeded 33%.Based on the approved Strategy 2025, the Company is planning to achieve thelevel of crude oil production of over 29 million tonnes next year. Thisprojection is subject to change in light of the decisions aimed atstabilization of the oil markets; at the same time the Company expects toreach its planned financial goals.At the TANECO complex the launch of diesel and kerosene hydrotreatinguntits will allow to increase the production of diesel and jet fuels. Theproduction of own automobile gasoline will commence with the launch ofnaphtha hydrotreating unit, catalytic reformer and isomerization.At the same time the implementation of initiatives aimed at the evaluationof opportunities for effective production of reserves with their 100percent replacement, the expansion and development of the TANECO complex,the improvements and optimization of operations in all business units andothers, will continue.The meeting participants discussed the presented information and exchangedopinions on respective issues.The presentation made at the meeting with investors and analysts isavailable on the Company's web-site in sub-section 'Presentations toInvestors' of 'Information Disclosure' section of 'For Shareholders' part. This press-release and the materials mentioned herein contain insideinformation. Forward-looking statements: These materials contain statements about futureevents and expectations that are forward-looking in nature. Any statementin these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties andother factors which may cause actual results, performance or achievementsexpressed or implied by such forward-looking statements to differ. PJSCTatneft assumes no obligations to update the forward-looking statementscontained herein to reflect actual results, changes in assumptions orchanges in factors affecting these statements. --------------------------------------------------------------------------- The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: PJSC Tatneft 75 Lenin Street 423450 Almetyevsk Russia Phone: 7 (8553) 37 11 11 Fax: 7 (8553) 30 78 00 E-mail: ocb@tatneft.ru Internet: http://www.tatneft.ru/ ISIN: US8766292051 Listed: Foreign Exchange(s) London, Moscow Category Code: MSCH TIDM: ATAD Sequence Number: 3672 Time of Receipt: 12-Dec-2016 / 13:37 CET/CEST End of Announcement EquityStory.RS, LLC News Service--------------------------------------------------------------------------- 528765 12-Dec-2016UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.