Yandex N.V. Reminds Shareholders of Key Upcoming Meetings and Proposals

Yandex N.V. has issued a reminder to its shareholders regarding the Extraordinary General Meeting (EGM) and Class A Shareholders meeting scheduled for March 7, 2024. The company seeks approval for the divestiture of its Russia-based operations and aims to revise its corporate governance and capital structures to better reflect its new ownership and geographical focuses.

Shareholders are encouraged to review materials on the Yandex website and vote either in advance or at the meetings. Yandex also reports positive progress towards the proposed transaction's requirements, including regulatory approvals and reorganization efforts. Notably, advisory firms Glass Lewis and ISS recommend shareholders vote in favor of the transaction.

Voting instructions were detailed for both direct shareholders and those with shares held in "street name," highlighting various methods including online, telephone, and email. The company has set a deadline for receiving required documents by March 6, 2024, for those voting directly.

For attendance and voting at the meetings, shareholders with broker-held shares need to obtain a nominee-issued proxy. Yandex also requests attendees to notify the company in advance of their participation.