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Yandex Announces Results Of 2013 Annual General Meeting Of Shareholders

Stocks in this article: YNDX

MOSCOW and THE HAGUE, Netherlands, May 22, 2013 (GLOBE NEWSWIRE) -- Yandex N.V. (Nasdaq:YNDX), the leading internet company in Russia operating the country's most popular search engine and most visited website, announces that all resolutions proposed at Yandex's 2013 Annual General Meeting of Shareholders ("AGM"), held on Tuesday, May 21, 2013 have been passed.

The total number of Class A shares eligible to vote at the AGM was 232,984,035, with a total of 231,524,035 voting rights; the total number of Class B shares was 96,034,266, with a total of 959,885,700 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 at the AGM.

Proposal One – Approval of 2012 statutory accounts

Regarding the proposal to approve the 2012 statutory accounts of Yandex, 1,049,458,552 votes cast in favor, 17,971 votes cast against, and 638,021 votes abstained.

Proposal Two – Addition of 2012 profits to retained earnings

Regarding the proposal to add the 2012 profits of Yandex to retained earnings, 1,050,079,028 votes cast in favor, 22,338 votes cast against, and 13,178 votes abstained.

Proposal Three – Discharge of directors

Regarding the proposal to grant discharge to the directors for their management during the past financial year, 1,049,275,770 votes cast in favor, 379,713 votes cast against, and 459,061 votes abstained.

Proposal Four – Appointment of new director

The following Director was appointed to serve for a one year term:

Director Number of Shares For Number of Shares Against Number of Shares Abstained
Rogier Rijnja 1,047,149,601 2,942,319 22,624

Proposals Five, Six and Seven –Re-appointment of directors

The following three Directors were re-appointed to serve until their respective successors are duly elected and qualified:

Director Number of Shares For Number of Shares Against Number of Shares Abstained
Ilya Segalovich 1,043,919,163 3,893,212 2,302,169
Charles Ryan 1,044,314,129 3,492,815 2,307,600
Alexander Voloshin 1,043,785,650 4,022,404 2,306,490

Proposal Eight – Cancellation of shares

Regarding the proposal to cancel Yandex's outstanding Class C shares, 1,049,581,086 votes cast in favor, 215,428 votes cast against, and 318,030 votes abstained.

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