General Announcement::Adjusted 2014 Investment Program, Budget and Cost Reduction Program

Issuer & Securities

Issuer/ Manager
JSC GAZPROM
Securities
JSC GAZPROM GDR - US3682872078 - AAI
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-Oct-2014 22:58:00
Status
New
Announcement Sub Title
Adjusted 2014 Investment Program, Budget and Cost Reduction Program
Announcement Reference
SG141021OTHR2S4G
Submitted By (Co./ Ind. Name)
Horizon LLC/P.Nosko
Designation
Analyst
Description (Please provide a detailed description of the event in the box below)
The total amount of investments will make up RUB 1 trillion 026.15 billion, which is a RUB 220.146 billion increase as compared to the Investment Program approved in December 2013.
The Budget surplus will account for RUB 0.5 billion.
A cumulative effect from the Cost Optimization (Reduction) Program for 2014 is envisaged at RUB 17.9 billion.

Attachments

2014.10.21. BoD approves 2014 financial figures adjustments.pdf
Total size =115K