2 Nov 2024 13:19

Shareholders of Cyprus-based HeadHunter Group Plc approve decision on redomiciliation in Russia

MOSCOW. Nov 2 (Interfax) - The shareholders of Cyprus-based HeadHunter Group Plc have approved plans for the company's redomiciliation in the Kaliningrad Special Administrative Region at an extraordinary meeting.

The meeting took place on Thursday. HeadHunter Group Plc , previously the parent company of the HeadHunter group of companies, will continue to operate following redomiciliation under the name IJSC HeadHunter Group PLC.

The shareholders approved the size of the IJSC's charter capital at 50,635,720 common shares with a par value of 0.21 rubles, as well as the company's charter, and elected a nine-person board of directors.

HeadHunter CEO Dmitry Sergienkov, Cian CEO Dmitry Grigoriev, CAIGAN Capital founder Douglas Gardner, former Mail.ru Group (now VK [MOEX: VKCO]) vice-president for HR and educational projects Olga Filatova, and former TCS Group Holding (SPB: TCSG, MOEX: TCSG) board member Sergei Arsenyev have been appointed to the board of directors, along with Anton Baitsur, Svetlana Ushakova, Dmitry Kryukov, and Valentin Mashkov, whose current positions were not disclosed by HeadHunter.

In early October, IJSC HeadHunter reported that its Cypriot companies, HeadHunter Group Plc and HeadHunter FSU Ltd, received certificates from Cyprus's Registrar of Companies for continuing their activities in a foreign jurisdiction, which marks the official approval of the companies' relocation to Russia.

IJSC HeadHunter is now the new parent company of the HeadHunter group. Its shares have been traded on the Moscow Exchange since September 26. In 2023, the group initiated large-scale corporate restructuring, involving an exchange of HeadHunter Group Plc shares for IJSC shares over several phases.

Following the first phase, IJSC HeadHunter acquired 72.7% of HeadHunter Group Plc's share capital. The second phase is expected to increase the stake in HeadHunter Group Plc to 85.71%.