Yandex Provides Update on Timing of AGM

Rhea-AI Summary

Yandex (NASDAQ:YNDX), a leading internet company in Europe, has announced the scheduling of its 2022 Annual General Meeting of Shareholders (AGM) to ensure the completion of the audit of its 2021 Dutch statutory accounts under IFRS. This decision is influenced by ongoing geopolitical circumstances, but no issues with the accounts have been identified. The company previously released its audited consolidated financial statements under US GAAP on April 20, 2022. More details can be found in their Annual Report.

Positive

• No issues identified with 2021 Dutch statutory accounts.
• Annual Report on Form 20-F released on April 20, 2022.

Negative

• AGM delayed due to geopolitical circumstances.

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 22, 2022 / Yandex (NASDAQ:YNDX)(MOEX:YNDX), one of Europe's largest internet companies, today announced that its 2022 Annual General Meeting of Shareholders (AGM) will be held later this year. This schedule is intended to allow sufficient time for the completion of the audit of the Company's 2021 Dutch statutory accounts prepared under IFRS in light of ongoing unprecedented geopolitical circumstances. No issues with the statutory accounts have been identified to date. The Company issued its audited consolidated financial statements prepared under US GAAP on April 20, 2022, which can be accessed here: Annual Report on Form 20-F.

About Yandex

Yandex (NASDAQ and MOEX: 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 navigation products, while also expanding into e-commerce, online entertainment, cloud computing and other markets to assist millions of consumers in Russia and a number of international markets.

More information on Yandex can be found at https://ir.yandex/.

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

SOURCE: Yandex N.V.

View source version on accesswire.com:
https://www.accesswire.com/706120/Yandex-Provides-Update-on-Timing-of-AGM

FAQ

What is the date of Yandex's 2022 Annual General Meeting of Shareholders?

The date for Yandex's 2022 Annual General Meeting has not been specified, but it will be scheduled to allow for the completion of the audit.

What circumstances delayed Yandex's Annual General Meeting?

The delay is due to ongoing unprecedented geopolitical circumstances.

Are there any issues with Yandex's 2021 Dutch statutory accounts?

No issues have been identified with the 2021 Dutch statutory accounts.

When did Yandex release its audited consolidated financial statements?

Yandex released its audited consolidated financial statements under US GAAP on April 20, 2022.

Where can I find Yandex's Annual Report?

Yandex's Annual Report on Form 20-F can be accessed through their investor relations page.