Headhunter has approved a buyback program (share buyback) for 10 billion rubles. After completing the process of re-registering Cyprus companies in Russia, the company plans to pay dividends totaling up to 30 billion rubles, according to the website of the Corporate Information Disclosure Center.
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The buyback program will last up to 12 months. The amount of dividends paid as a result of the redomiciliation may range from 32 to 35 billion rubles, or 640 to 700 rubles per share.
Broker BCS Express previously reported on the expected size of Headhunter’s dividends: with the cost of HeadHunter depositary receipts on the Moscow Exchange at the end of trading on August 9 at 3,908 rubles, the dividend yield for investors will be 18% per annum.
The start of trading of MCPJSC Headhunter shares on the Moscow Stock Exchange is scheduled for September 26, delisting of Cyprus HeadHunter depositary receipts will take place on September 30.
HeadHunter is completing the process of re-registering a Cyprus company in Russia. The company’s shareholders approved the decision to change jurisdiction in March 2024.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
