Yandex

Yandex announces results of 2022 annual general meeting of shareholders

YANDEX ANNOUNCES RESULTS OF 

2022 ANNUAL GENERAL MEETING OF SHAREHOLDERS   

MOSCOW and AMSTERDAM, Netherlands — 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 Class A shares eligible to vote at the AGM was 325,877,318, with a total of 325,877,318 voting rights; the total number of Class B shares was 35,698,674, with a total of 356,986,740 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 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

   

  

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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 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

Yandex LLC

Headquarters in Russia: Moscow

Headquarters
16, Leo Tolstoy St., Moscow, Russia 119021
Investor Relations
Public relations
Corporate Secretary

Yandex N.V.

Registered office in Amsterdam

Schiphol Boulevard 165, 1118 BG Schiphol, The Netherlands
Official Telegram channel for individual investors https://t.me/yndx_forinvestors (in Russian only)