Yandex NV - Ordinary Shares - Class A

NASDAQ:YNDX   3:59:59 PM EDT
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Russia's Yandex enters into agreement to purchase 84.9% of its convertible notes

Published: 06/16/2022 09:15 GMT
(YNDX) - Enters Into an Agreement With Holders of 84.9% in Aggregate Principal Amount of Yandex’s $1.25 Billion 0.75% Convertible Notes Due 2025 for the Purchase of Such Holders’ Notes by Yandex.
The Purchase Agreement, Dated June 15, 2022, Provides for a Purchase Price of $140,000 in Cash and 957 Yandex Class A Shares for Each $200,000 in Principal Amount of Notes Purchased.
Further Company Coverage: Yndxo (reporting by Reuters).