Yandex Announces Schedule for AGM
Rhea-AI Summary
Yandex (NASDAQ: YNDX), a leading internet company in Europe, has announced its 2020 Annual General Meeting of Shareholders (AGM) will take place by October 31, 2020. This decision complies with the Dutch Temporary Act COVID-19 Justice and Safety, ensuring safe attendance for shareholders. Depending on COVID-19 restrictions, the meeting may be conducted via telecommunications. Yandex, founded in 1997, has established itself as a significant player in technology, specializing in machine learning and various digital services.
Positive
- Plans to hold AGM by October 31, 2020, ensuring compliance with COVID-19 regulations.
- Commitment to timely dissemination of notices and materials for the AGM.
Negative
- None.
News Market Reaction – YNDX
On the day this news was published, YNDX gained 1.91%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MOSCOW and AMSTERDAM, June 01, 2020 (GLOBE NEWSWIRE) -- Yandex (NASDAQ and MOEX: YNDX), one of Europe's largest internet companies and the leading search provider in Russia, today announced that its 2020 Annual General Meeting of Shareholders (AGM) will be held later this year, and in any event by October 31, in accordance with the Dutch Temporary Act COVID-19 Justice and Safety (Tijdelijke wet COVID-19 Justitie en Veiligheid), in order to ensure the safe attendance in person by shareholders and other participants at the AGM. All required notices and materials will be provided in a timely fashion. The AGM may be held by telecommunications means if COVID-19-related restrictions are not lifted in the foreseeable future.
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 36 offices worldwide, has been listed on the NASDAQ since 2011.
More information on Yandex can be found at https://yandex.com/company.
Contacts:
Investor Relations
Yulia Gerasimova
Phone: +7 495 974-35-38
E-mail: askIR@yandex-team.ru
Media Relations
Ilya Grabovskiy
Phone: +7 495 739-70-00
E-mail: pr@yandex-team.ru