Yandex Announces Results of 2020 Annual General Meeting of Shareholders
October 29 2020 - 1:50PM
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 RelationsYulia
GerasimovaPhone: +7 495 974-35-38E-mail:
askIR@yandex-team.ru
Press Office:Ilya GrabovskiyPhone: +7 495 739-70-00E-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/.
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