Back to Newsroom
Back to Newsroom

Yandex Announces Results of 2022 Annual General Meeting of Shareholders

Thursday, 22 December 2022 01:10 PM

Yandex N.V.

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / December 22, 2022 / Yandex N.V. (NASDAQ:YNDX), the Dutch parent company of the Yandex Group, today announced that all resolutions proposed at Yandex's 2022 Annual General Meeting of Shareholders (the "AGM") have been approved.

Yandex also announced three re-appointments to its Board of Directors. Each of Rogier Rijnja, Charles Ryan and Alexander Voloshin were re-appointed as non-executive members of the Board of Directors, each for a four-year term.

The total number of ClassA shares eligible to vote at the AGM was 325,877,318, with a total of 325,877,318 voting rights; the total number of ClassB shares was 35,698,674, with a total of 356,986,740 voting rights. Each ClassA share carries one vote; each ClassB share carries ten votes. The ClassA shares and ClassB shares voted together as a single class on all matters requiring a vote at the AGM.

Yandex's 2022 Annual General Meeting of Shareholders

Discussion Item One - Review of the 2021 statutory accounts

The agenda item to review the 2021 statutory accounts of Yandex did not require voting at the AGM.

Proposal Two - Discharge of directors

The below are the results regarding the proposal to grant discharge to the directors for their management during the 2021 financial year:

Number of Votes
For

Number of Votes
Against

Number of Votes
Abstained

476,673,236

154,588

5,128,749

Proposal Three - Re-appointment of Rogier Rijnja

The following Director was re-appointed to serve as a non-executive member of the Board of Directors for a four-year term:

Director

Number of Votes
For

Number of Votes
Against

Number of Votes
Abstained

Rogier Rijnja

460,196,975

19,413,801

2,345,797

Proposal Four - Re-appointment of Charles Ryan

The following Director was re-appointed to serve as a non-executive member of the Board of Directors for a four-year term:

Director

Number of Votes
For

Number of Votes
Against

Number of Votes
Abstained

Charles Ryan

478,606,084

2,522,835

827,654

Proposal Five - Re-appointment of Alexander Voloshin

The following Director was re-appointed to serve as a non-executive member of the Board of Directors for a four-year term:

Director

Number of Votes
For

Number of Votes
Against

Number of Votes
Abstained

Alexander Voloshin

398,144,207

66,876,889

16,935,477

Proposal Six - Cancellation of Class C Shares

The below are the results regarding the proposal to cancel 10,000 outstanding Class C Shares:

Number of Votes
For

Number of Votes
Against

Number of Votes
Abstained

480,679,108

89,879

1,187,586

Proposal Seven - Appointment of Auditor

The below are the results regarding the proposal to appoint "Technologies of Trust - Audit" JSC, an independent registered public accounting firm, as an auditor of the Company's consolidated financial statements for the 2022 financial year (to be prepared under US GAAP):

Number of Votes
For

Number of Votes
Against

Number of Votes
Abstained

480,782,267

87,716

1,086,590

Proposals Eight, Nine and Ten - 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 Class A shares up to an additional 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

444,753,091

36,389,963

813,519

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

446,001,199

35,135,310

820,064

The below are the results regarding the proposal to authorize the Board of Directors for a period of 18 months to repurchase shares in the capital of the Company up to 20% of the issued share capital from time to time, in the case of Class A shares, against a purchase price equal to the market price on the Nasdaq Global Select Market of the Class A shares at the time of the repurchase:

Number of Votes
For

Number of Votes
Against

Number of Votes
Abstained

453,280,537

28,662,176

13,860

###

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: [email protected]

Press Office:
Ilya Grabovskiy
Phone: +7 495 739-70-00
E-mail: [email protected]

About Yandex N.V.

Yandex (NASDAQ:YNDX) is a technology company registered in the Netherlands 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

SOURCE: Yandex N.V.

Yandex N.V., Thursday, December 22, 2022, Press release picture
Topic:
Shareholder Meeting
Back to newsroom
Back to Newsroom
Share by: