Yandex N.V. Advances Share Issuance Post-Repurchase

Yandex (YNDX) has released an update.

Yandex N.V., soon to be Nebius Group N.V., has repurchased approximately 99% of its convertible notes due in 2025, spending around $1.24 billion and offering additional shares as part of the deal. With the divestment of its Russian operations, the company can now issue shares to former noteholders, who are advised to contact Georgeson LLC for the share delivery process before the early September deadline.

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