UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
August 15, 2022
YANDEX N.V.
Schiphol Boulevard 165
1118 BG, Schiphol, the Netherlands.
Tel: +31 202 066 970
(Address, Including ZIP Code, and Telephone Number,
Including Area Code, of Registrant’s Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| YANDEX N.V. | |
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Date: August 15, 2022 | By: | /s/ Svetlana Demyashkevich |
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| Svetlana Demyashkevich |
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| Chief Financial Officer |
INDEX TO EXHIBITS
Exhibit No. | Description |
99.1 | Press release of Yandex N.V. dated August 15, 2022, announcing that the Company has made further purchases of its Convertible Notes. |
Exhibit 99.1
Yandex Makes Further Purchases of Convertible Notes
Moscow, Amsterdam, August 15, 2022 – Yandex N.V. (“Yandex”), a Dutch public limited company and the parent company of one of Europe’s largest internet businesses, announces that it has purchased a further aggregate principal amount of $48,600,000 of its 0.75% Convertible Notes due 2025 (the “Notes”).
On June 23, 2022, Yandex announced that it had purchased and cancelled 92.7% in aggregate principal amount of the Notes, and on June 24, 2022 Yandex purchased and cancelled a further 0.5% in aggregate principal amount of the Notes. As a result of such purchases and cancellations the aggregate principal amount of Notes outstanding was $84,400,000.
In a series of privately negotiated transactions taking place since the beginning of July, Yandex has purchased a further aggregate principal amount of $48,600,000 of its Notes. Of such amount, Notes in an aggregate principal amount of $5,600,000 have been surrendered to the Principal Paying, Transfer and Conversion Agent for cancellation and have been cancelled. The remaining $43,000,000 in aggregate principal amount of such Notes purchased by Yandex has not been cancelled due to impediments on the ability to cancel such Notes imposed by the European clearing systems. Such Notes are being held by Yandex, will not be reissued or resold and will be cancelled when it is possible to do so. The remaining aggregate principal amount of Notes that have not been cancelled and which are not owned by Yandex (the “Outstanding Notes”) is $35,800,000 or 2.86% in aggregate principal amount of the Notes originally issued.
Yandex asks holders of the Outstanding Notes to immediately contact Yandex Investor Relations at the email address indicated below to ensure that such noteholders are included in all future discussions in relation to the Notes.
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
Press Office
Ilya Grabovskiy
Phone: +7 495 739-70-00
E-mail: pr@yandex-team.com
The distribution of this announcement into certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement is for information purposes only and is not an offer of securities in any jurisdiction.