REG - Mail.ru Group Ltd - Accumulating GDRs for Employee Motivation Purposes

VKAnnouncement

13/03/2020 07:00

RNS Number : 9742F
  
Mail.ru Group Limited
  
13 March 2020
  
 

 
Accumulating GDRs for Employee Motivation Purposes 
 
Mail.ru Group Limited (LSE: MAIL, hereinafter referred as "Mail.ru Group" or the "Company"), one of the largest Internet companies in the Russian-speaking Internet market, today announces that 
Mail.ru Group's Employee Benefit Trustees Limited (EBT), plan administrator and trustees of the
Group's Restricted Stock Unit (RSU) programme, which currently holds the authority to buy up to 2,000,000 Global Depositary Receipts (GDRs) from the market for the purposes of future employee motivation of the Group, is re-launching market participation.
 
EBT accumulated 572,437 GDRs in 2019 and hence has capacity to purchase an additional 1,427,563 GDRs. 
 
For further information please contact:
Investors
Tatiana Volochkovich
Phone: +7 495 725 6357 extension: 3434
Mobile: +7 905 594 6604
E-mail: t.volochkovich@corp.mail.ru
 
Press
Sergei Luchin

Mobile: +7 (925) 347-83-81

E-mail: s.luchin@corp.mail.ru
 
About Mail.ru Group
Mail.ru Group (MAIL, listed since November 5, 2010) is the largest internet business in Russia in terms of total daily audience (Mediascope Web Index Desktop+Mobile, Russia 0+, population aged 12-64, December 2019). 
 
Mail.ru Group is developing the leading domestic internet communications and entertainment platform. The company owns Russia's two largest Russian language social networks, VKontakte (VK) and Odnoklassniki (OK), leading email service, one of Russia's largest internet portals (Mail.ru), and four instant messaging services. The company also holds the international gaming brand MY.GAMES, with a portfolio of hundreds of popular games for a range of platforms and over 600 million users worldwide. In 2019, Mail.ru Group Tech Lab was launched with a primary focus on technology and innovation development. 
 
Mail.ru Group is a shareholder of AliExpress Russia JV along with Alibaba Group, MegaFon and Russian Direct Investment Fund. The company partners with Sberbank to jointly develop O2O service platform targeting food delivery and taxi markets. 
 


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