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HeadHunter Group PLC (Nasdaq: HHR) announced that the Moscow Exchange has approved the listing of its American Depositary Shares (ADSs) under the ticker HHRU. This secondary listing will begin trading on September 25, 2020, with all transactions quoted and settled in Russian rubles. Importantly, neither the company nor its shareholders will sell ADSs during this secondary listing. The ADSs are already traded on the Nasdaq.
HeadHunter Group PLC (HHR) reported Q2 2020 results with a revenue decline of 19.3% to ₽1,534 million compared to ₽1,902 million in Q2 2019. Net income decreased 13.2% to ₽239 million. The drop in revenue was attributed to a 29.1% reduction in paying customers in the Small and Medium Business segment due to COVID-19. Adjusted EBITDA fell 30.7%, with a margin of 44.7%. However, the company noted a recovery in July and August, with expectations of revenue growth. They also announced a new credit facility agreement extending debt maturity to June 2025.
HeadHunter Group PLC (Nasdaq: HHR) has announced an interim dividend of $0.50 per share, totaling approximately $25 million, which represents around 75% of its Adjusted Net Income for 2019. Initially postponed due to COVID-19 uncertainties, the payment is now set for on or before September 10, 2020. The Company has also secured a new credit facility with VTB Bank, extending debt maturity from October 2022 to June 2025, reflecting improved business conditions.
HeadHunter Group PLC (Nasdaq: HHR) has announced the appointment of Valentin Mashkov as a non-executive director, effective August 5, 2020. He replaces Ion Dagtoglou, who resigned following a decrease in ELQ Investors' ownership after a public offering on July 20, 2020. Additionally, Thomas Otter has joined the Nominating and Corporate Governance Committee. The company appreciates Dagtoglou's contributions during his tenure.
HeadHunter Group PLC (HHR) has priced a public offering of 5 million American Depositary Shares (ADSs) at $20.25 per share, managed by ELQ Investors VIII Limited and other major banks, including Goldman Sachs. The offering includes a 30-day option for underwriters to purchase an additional 750,000 ADSs. HeadHunter will not receive proceeds from this sale but will bear associated costs, excluding underwriting discounts. The offering is expected to close on July 20, 2020, pending customary conditions.
HeadHunter Group PLC (Nasdaq: HHR) has initiated an underwritten public offering of 5,000,000 American Depositary Shares (ADSs), each equating to one ordinary share. The offering is being conducted by ELQ Investors VIII Limited, linked to Goldman Sachs. Additionally, there is a 30-day option for underwriters to purchase up to 750,000 extra ADSs. HeadHunter will not receive any proceeds from this sale but will incur certain costs. Key underwriters include Goldman Sachs, Morgan Stanley, Credit Suisse, and VTB Capital. A preliminary prospectus is available through the SEC.
HeadHunter Group PLC (HHR) announced a secondary listing of its American Depositary Shares on the Moscow Exchange, aiming to broaden its investor base, particularly for Russian investors not present on Nasdaq. Subject to approval, trading is expected to start in early Q4 2020, with settlements in Russian rubles. The move is part of the company's strategy to enhance market presence and facilitate investments. HeadHunter is the leading online recruitment platform in Russia and the CIS, offering extensive talent acquisition services.
HeadHunter Group PLC (HHR) reported robust financial results for Q1 2020, with revenue reaching ₽1,990 million, marking an 18.6% year-over-year increase. The Russia segment contributed significantly, with revenue up 18.2% to ₽1,838 million, driven by price hikes and a growing customer base. Net income surged 72.5% to ₽412 million, highlighting improved profitability. Notably, Adjusted EBITDA rose 35.1%, enhancing the margin to 52.5%. Despite challenges from COVID-19, the company remains operational and optimistic about future growth prospects.