Yandex N.V. Reminds Shareholders of upcoming EGM and Class A Meeting

Yandex N.V. Yandex N.V. Reminds Shareholders of upcoming EGM and Class A Meeting 04-March-2024 / 11:00 MSK The issuer is solely responsible for the content of this announcement. Yandex N.V. Reminds Shareholders of upcoming EGM and Class A Meeting

 

Amsterdam, the Netherlands, March 4, 2024 — Yandex N.V. would like to remind shareholders that the Company’s EGM and Class A Shareholders meetings are scheduled to take place on 7 March 2024. Yandex N.V. brings to shareholders for their approval the proposal to divest its Russia-based businesses and to retire various corporate governance and capital structures introduced in 2019, to align with the Company’s new ownership structure and geographic focus going forward.

 

All relevant shareholder materials can be found on the Company’s website - https://ir.yandex/shareholder-meetings. Shareholders can vote either in advance of the meetings or at the meetings themselves. We urge all shareholders who have not yet given voting instructions in respect of their shares to do so as soon as possible, as described below.

 

We announce today that the company is making good progress toward implementation of the proposed transaction, including with regard to satisfying conditions related to the group’s internal reorganization, obtaining relevant regulatory and other approvals, and satisfying other conditions to the First Completion of the transaction.

 

In addition, we are pleased that both Glass Lewis and ISS have issued reports recommending that shareholders vote to approve the proposed transaction and related matters.

 

How to Vote

 

Your vote is important regardless of the number of shares you own. Whether or not you expect to attend the shareholder meetings, we hope you will take the time to vote your shares. Please cast your vote as soon as possible to ensure it is received in time to be voted at these important meetings.