Date: 5 months ago   Category: IT & Media

Media have learned about plans of "Yandex" to fix control over the company of management — Rambler News Service


Photo: Konstantin Kokoshkin/Russian Look "Yandex" considers the possibility of fixing to the management of control over the company, Kommersant with reference to the source close to the management of the company reports. According to the source newspapers, the discussed changes in joint-stock structure of the company assume that 60% of voices in the company will be controlled by fund under control of the co-founder of "Yandex" Arkady Volozha and 10-12 top managers with the Russian citizenship. The edition notes that at the moment the share capital of Yandex N.V. — head structure of "Yandex" — it is divided into actions of classes A and B. Vmeste co-founders and the first staff of the company own 57% of voices. Implementation of the plan assumes issue of new stocks of the class B-1 which 80% will receive Volozh, and in case of his leaving — fund. At the same time the stocks B-1 will have the exclusive right of a voice and won't grant to owners any economic rights. According to the interlocutor of the edition, 100% of economic interest in the company will be got by shareholders of a class A who will possess also 40% of voices, and all actions of a class B will be converted into actions of a class A. It will allow Volozhu to retain 10% of economic interest in "Yandex". The interlocutor of the edition has also added that carrying out reorganization will require approval of owners more than 75% of stocks of a class A and also the owner of "gold share" which Sberbank is. In the press service of Sberbank and the representative of "Yandex" have refused comments.

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