Yandex Board Authorizes Up to $300M Share Repurchase Program

Yandex N.V. (NASDAQ: YNDX) today announces that its Board of Directors has authorized a repurchase of up to $300 million worth of Class A shares of Yandex N.V. Such shares may be repurchased from time to time in open market transactions.

Benzinga · 11/18/2019 10:26

Yandex N.V. (NASDAQ: YNDX) today announces that its Board of Directors has authorized a repurchase of up to $300 million worth of Class A shares of Yandex N.V. Such shares may be repurchased from time to time in open market transactions. The timing and amount of share repurchases will depend on a variety of factors, including market conditions. Yandex intends to make all repurchases in compliance with applicable regulatory guidelines and to administer the program in accordance with applicable laws, including Rule 10b-18 under the Securities Exchange Act of 1934. The repurchase program will be in effect for up to twelve months.