Originally Posted by
kosta
Amsterdam, The Netherlands � December 27, 2017
We hereby announce that our indirect Russian subsidiary Pronto Media Holding (PMH) has signed an agreement with HeadHunter to sell the assets of its online resource â��job.ruâ�, including the domain name and the trademarks.
As announced previously, the Group had been working on a number of options, inter alia the sale of its brands/assets wholly or partially. The decision regarding the cessation of digital operations of PMH gave the Group the opportunity to develop negotiations with respective parties to deliver improved results on PMH�s assets to realize the full benefits of this transitional stage.
We expect the deal to be closed on the second week of January, 2018 and the Group expects to use the net proceeds from the transaction to improve the liquidity and repay existing indebtedness of PMH.
Job.ru is one of the oldest market places in the Russian Federation for recruitment and now with this acquisition taking place, all necessary efforts shall be made to the satisfaction of all job applicants and employers using job.ru until the transition to HeadHunter is completed. In this regard via the online portal job.ru, its customers are being notified and offered the opportunity to **** HeadHunter.
By way of this and our previous press statements, we note that the transition period of PMH is still ongoing with the involvement of potential investors for the remaining assets. Any subsequent development in this regard shall be disclosed to public, immediately.
A copy of this announcement will be made available on the Regulatory News segment of the London
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