Headhunter to conduct a share buyback worth 10 billion rubles

The buyback program will last up to 12 months. The amount of dividends paid as a result of redomiciliation may be from 32 to 35 billion rubles, or from 640 to 700 rubles per share.

The expected size of HeadHunter dividends was previously reported by the broker BCS Express – with the cost of HeadHunter depositary receipts on the Moscow Exchange following trading on August 9 at 3908 rubles, the dividend yield for investors will be 18% per annum.

The start of trading in shares of MKPAO HeadHunter on the Moscow Exchange is scheduled for September 26, and the delisting of depositary receipts of the Cypriot HeadHunter will take place on September 30.

HeadHunter is completing the process of re-registering its business from Cyprus to Russia. The company’s shareholders approved the decision to change jurisdiction in March 2024.