HeadHunter announced a share repurchase

Recruiting company HeadHunter, which previously listed its shares on NASDAQ, announced its decision to buy back its shares. This was reported by the company’s press service.

HeadHunter offered to buy these securities from holders of ordinary shares and ADS of HeadHunter Group, which are stored outside the Russian depository infrastructure, at a price of 910.5 rubles. a piece. The final purchase price, taking into account the so-called “exit tax” of 10%, will be 819.45 rubles. per share. Such a tax was one of the conditions under which the government commission for control of foreign investments approved the deal. It is expected that applications for the repurchase of shares will be accepted until December 1, and the results are planned to be announced before December 7.

In addition, the company offered those investors who want to keep their share to exchange HeadHunter Group shares for MKAO securities in a 1:1 ratio. Applications for the exchange of shares are planned to be accepted until November 17, and the results will be published on November 20.

HeadHunter’s press service clarified that such steps will allow the group to resume paying dividends and implementing a long-term employee motivation program. The company also recalled that since March 2023, a law on classifieds has been in force in Russia, which limits foreign control over them.

HeadHunter Group PLC, registered in Cyprus, conducted an IPO on NASDAQ in May 2019. But after the start of the special operation in February 2022, trading in the company’s securities was suspended, and in the spring of 2023, the American exchange initiated a forced delisting.

At the beginning of October, in the special administrative region in Kaliningrad there was registered MCAO “Headhunter”. According to the Unified State Register of Legal Entities, the general director of the company is Dmitry Sergienkov, who has been heading the HeadHunter recruiting service since March 1.