Yandex N.V. (NASDAQ: YNDX), a technology company that builds
intelligent products and services powered by machine learning,
today announced that all resolutions proposed at Yandex’s 2019
Annual General Meeting of Shareholders (“AGM”), held on Thursday,
June 27, 2019, have been approved.
Yandex also announced three re-appointments and two new
appointments to its Board of Directors. Rogier Rijnja, Charles
Ryan, and Alexander Voloshin were reappointed as non-executive
members of the Board of Directors for a three-year term, Mikhail
Parakhin was appointed as a non-executive member of the Board of
Directors for a one-year term, and Tigran Khudaverdyan was
appointed as an executive member of the Board for a one-year
term.
The total number of Class A shares eligible to vote at the
AGM was 288,869,774, with a total of 288,869,774 voting rights; the
total number of Class B shares was 37,748,658, with a total of
377,486,580 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 the extension of the term for the
preparation of the 2018 statutory accounts
The below are the results regarding the proposal to approve the
extension of the term for the preparation of the 2018 statutory
accounts:
|
Number of Votes For |
|
Number of Votes Against |
|
Number of Votes Abstained |
|
|
589,806,139 |
|
21,656 |
|
309,328 |
|
Proposal Two — Approval of 2018 statutory accounts
The below are the results regarding the proposal to approve the
2018 statutory accounts of Yandex:
|
Number of Votes For |
|
Number of Votes Against |
|
Number of Votes Abstained |
|
|
589,737,924 |
|
318,551 |
|
80,648 |
|
Proposal Three — 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 |
|
|
587,957,242 |
|
755,080 |
|
1,424,801 |
|
Proposal Four — Re-appointment of Rogier Rijnja
The following Director was re-appointed to serve as a member of
the Board of Directors for a three-year term:
Director |
|
Number of Votes For |
|
Number of Votes Against |
|
Number of Votes Abstained |
|
Rogier Rijnja |
|
579,530,971 |
|
9,527,577 |
|
1,078,575 |
|
Proposal Five – Re-appointment of Charles Ryan
The following Director was re-appointed to serve as a member of
the Board of Directors for a three-year term:
Director |
|
Number of Votes For |
|
Number of Votes Against |
|
Number of Votes Abstained |
|
Charles Ryan |
|
588,126,763 |
|
932,719 |
|
1,077,641 |
|
Proposal Six – Re-appointment of Alexander Voloshin
The following Director was re-appointed to serve as a member of
the Board of Directors for a three-year term:
Director |
|
Number of Votes For |
|
Number of Votes Against |
|
Number of Votes Abstained |
|
Alexander Voloshin |
|
498,377,541 |
|
90,681,467 |
|
1,078,115 |
|
Proposal Seven – Appointment of Mikhail Parakhin
The following Director was appointed to serve as a member of the
Board of Directors for a one-year term:
Director |
|
Number of Votes For |
|
Number of Votes Against |
|
Number of Votes Abstained |
|
Mikhail Parakhin |
|
505,180,944 |
|
83,878,031 |
|
1,078,148 |
|
Proposal Eight – Appointment of Tigran Khudaverdyan
The following Director was appointed to serve as a member of the
Board of Directors for a three-year term:
Director |
|
Number of Votes For |
|
Number of Votes Against |
|
Number of Votes Abstained |
|
Tigran Khudaverdyan |
|
512,128,092 |
|
77,998,362 |
|
10,669 |
|
Proposal Nine — Cancellation of shares
The below are the results regarding the proposal to cancel
Yandex’s 130,000 outstanding Class C shares:
|
Number of Votes For |
|
Number of Votes Against |
|
Number of Votes Abstained |
|
|
590,095,012 |
|
21,889 |
|
20,222 |
|
Proposal Ten — 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 2019 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 2019 financial year (to be prepared under
IFRS):
|
Number of Votes For |
|
Number of Votes Against |
|
Number of Votes Abstained |
|
|
589,786,271 |
|
345,619 |
|
5,233 |
|
Proposal Eleven — Amendment to 2016 Equity Incentive Plan
The below are the results regarding the proposal to amend the
Company’s 2016 Equity Incentive Plan (the “Plan”) to increase the
number of unallocated Class A shares available thereunder to 7.0%
of the outstanding share capital of the Company as of March 31,
2019 and to authorize the Board of Directors to grant equity awards
and issue Class A shares under the Plan, and to authorize the Board
of Directors to exclude the pre-emptive right of subscription for
any equity awards to be granted and Class A shares to be issued
under the Plan and to authorize the Board of Directors to do
anything which may required in connection therewith:
|
Number of Votes For |
|
Number of Votes Against |
|
Number of Votes Abstained |
|
|
428,151,933 |
|
160,473,542 |
|
1,511,648 |
|
Proposals Twelve, Thirteen and Fourteen — General designations
and authorizations of the Board of Directors
The below are the results regarding the proposal to authorize
the Board of Directors to issue ordinary shares up to 20% of the
issued share capital and preference shares up to the authorized
share capital 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 |
|
|
403,768,280 |
|
185,580,106 |
|
788,737 |
|
The below are the results regarding the proposal to authorize
the Board of Directors to exclude pre-emptive rights of the
existing shareholders in respect of the issue of ordinary shares
and preference 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 |
|
|
404,968,204 |
|
184,377,466 |
|
791,453 |
|
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 |
|
|
501,376,068 |
|
88,752,439 |
|
8,616 |
|
For further information, please visit
http://company.yandex.com or contact:
Yandex N.V. Investor Relations Katya
Zhukova Phone: +7 495 974-35-38 E-mail:
askIR@yandex-team.ru
Press Office:Ilya GrabovskiyPhone: +7 495 739-70-00E-mail:
pr@yandex-team.ru
About Yandex N.V.
Yandex (NASDAQ: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 leading on-demand transportation services,
navigation products, and other mobile applications for millions of
consumers across the globe. Yandex, which has 34 offices worldwide,
has been listed on the NASDAQ since 2011.
More information on Yandex can be found at
https://yandex.com/company
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