New Zealand markets open in 4 hours 46 minutes
  • NZX 50

    12,728.69
    -1.21 (-0.01%)
     
  • NZD/USD

    0.7053
    -0.0017 (-0.25%)
     
  • ALL ORDS

    6,811.30
    -0.90 (-0.01%)
     
  • OIL

    45.19
    +0.64 (+1.44%)
     
  • GOLD

    1,830.30
    +11.40 (+0.63%)
     

Yandex Announces Results of 2020 Annual General Meeting of Shareholders

Yandex N.V.
·4-min read

MOSCOW and AMSTERDAM, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Yandex (NASDAQ and MOEX: YNDX), one of Europe's largest internet companies and the leading search and ride-hailing provider in Russia, today announced that all resolutions proposed at Yandex's 2020 Annual General Meeting of Shareholders ("AGM"), held on Thursday, October 29, 2020, have been approved.

Yandex also announced two reappointments to its Board of Directors. Arkady Volozh was re-appointed as executive member of the Board of Directors for a four-year term, and Mikhail Parakhin was reappointed as non-executive member of the Board of Directors for a one-year term.

The total number of Class A shares eligible to vote at the AGM was 316,675,755, with a total of 316,675,755 voting rights; the total number of Class B shares was 35,708,674, with a total of 357,086,740 voting rights. Each Class A share carries one vote; each Class B share carries ten votes. The Class A shares and Class B shares voted together as a single class on all matters at the AGM.

Proposal One — Approval of 2020 statutory accounts

The below are the results regarding the proposal to approve the 2020 statutory accounts of Yandex:

Number of Votes For

Number of Votes Against

Number of Votes Abstained

586 699 774

37 232

1 247 629

Proposal Two — Discharge of directors

The below are the results regarding the proposal to grant discharge to the directors for their management during the past financial year:

Number of Votes For

Number of Votes Against

Number of Votes Abstained

574 631 439

11 014 804

2 338 392

Proposal Three — Re-appointment of Arkady Volozh

The below are the results regarding the proposal to re-appoint Arkady Volozh to serve as a member of the Board of Directors for a four-year term:

Number of Votes For

Number of Votes Against

Number of Votes Abstained

585 146 520

2 033 369

804 746

Proposal Four — Re-appointment of Mikhail Parakhin

The below are the results regarding the proposal to re-appoint Mikhail Parakhin to serve as a member of the Board of Directors for a one-year term:

Number of Votes For

Number of Votes Against

Number of Votes Abstained

582 011 154

5 905 832

67 649

Proposal Five — Cancellation of shares

The below are the results regarding the proposal to cancel Yandex's 1,429,984 outstanding Class C shares:

Number of Votes For

Number of Votes Against

Number of Votes Abstained

587 961 431

9 622

13 582

Proposal Six — Appointment of Auditor

The below are the results regarding the proposal to ratify the selection by the Audit Committee of the appointment of JSC KPMG, an independent registered public accounting firm and the Russian affiliate of KPMG International, as auditors of the Company's consolidated financial statements for the 2020 financial year (to be prepared under U.S. GAAP), and KPMG Accountants N.V., its Dutch affiliate, as external auditors of the Company's statutory annual accounts for the 2020 financial year (to be prepared under IFRS):

Number of Votes For

Number of Votes Against

Number of Votes Abstained

587 936 840

37 172

10 623

Proposals Seven, Eight and Nine — General designations and authorizations of the Board of Directors

The below are the results regarding the proposal to designate the Board of Directors as the competent body to issue from time to time Class A shares up to 20% of the issued share capital (excluding Class C Shares) of the Company for a period of five years from the date of the AGM:

Number of Votes For

Number of Votes Against

Number of Votes Abstained

487 669 038

99 891 956

423 641

The below are the results regarding the proposal to designate the Board of Directors as the competent body to exclude pre-emptive rights of the existing shareholders in respect of the issue of Class A shares for a period of five years from the date of the AGM:

Number of Votes For

Number of Votes Against

Number of Votes Abstained

450 322 885

136 381 422

1 280 328

The below are the results regarding the proposal to authorize the Board of Directors for a period of 18 months to repurchase shares in Yandex up to a maximum of 20% of the issued share capital from time to time:

Number of Votes For

Number of Votes Against

Number of Votes Abstained

491 607 888

95 749 654

627 093

For further information, please visit http://company.yandex.com or contact:

Yandex N.V.
Investor Relations
Yulia Gerasimova
Phone: +7 495 974-35-38
E-mail: askIR@yandex-team.ru

Press Office:
Ilya Grabovskiy
Phone: +7 495 739-70-00
E-mail: pr@yandex-team.ru

About Yandex

Yandex (NASDAQ and MOEX:YNDX) is a technology company that builds intelligent products and services powered by machine learning. Our goal is to help consumers and businesses better navigate the online and offline world. Since 1997, we have delivered world-class, locally relevant search and information services. Additionally, we have developed market-leading on-demand transportation services, navigation products and other mobile applications for millions of consumers across the globe. Yandex, which has 33 offices worldwide, has been listed on the NASDAQ since 2011.

More information on Yandex can be found at https://yandex.com/company/.