Board authorized to repurchase up to 50% of share capital as sale consideration
Company: Nebius
The claim, verbatim
Shareholders authorized the Board for 18 months to repurchase up to 50% of the company's issued share capital as Share Consideration within the non-cash part of the sale consideration.
Source (primary)
nebius 8-K exhibit (yndx-20240307xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-09)Live source ↗
Quote: “authorize the Board for a period of 18 months to repurchase up to a maximum pursuant to Dutch law, of 50% of the issued share capital of the Company as “Share Consideration””
How we checked this
Checked on November 10, 2026. The cited source supports every part of this claim.
EGM Proposal Five describes this 18-month authorization to repurchase up to 50% of issued share capital as Share Consideration within the non-cash part of the sale consideration. The filing states that all EGM resolutions were approved.
Confirmed in the source:
- Shareholders approved a proposal authorizing the Board to repurchase shares
- The authorization runs for a period of 18 months
- The authorization covers up to 50% of the company's issued share capital, subject to Dutch law
- The repurchased shares are 'Share Consideration' within the non-cash part of the total consideration for the Sale
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000151384524000008/yndx-20240307xex99d1.htm) in full (5,010 characters, retrieved November 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (yndx-20240307xex99d1.htm)
Quote: “authorize the Board for a period of 18 months to repurchase up to a maximum pursuant to Dutch law, of 50% of the issued share capital of the Company as “Share Consideration””