To avoid capital dilution when fulfilling its employee incentive… (акция · мотивация · руб)

To avoid capital dilution when fulfilling its employee incentive program obligations, the company launched a stock buyback in 2025 with a budget of up to 25 billion rubles by the end of 2026. In 2026, it conducted an additional issuance of an equivalent number of new shares, which will be transferred to employees, while retiring the original shares.

Consensus

• Ozon extinguished 7.42 million shares
• The total number of shares after extinguishment is 216.4 million
• The shares were originally issued in 2021 but could not be used due to regulatory restrictions
• The company conducted a buyback program worth up to 25 billion rubles until the end of 2026
• A supplementary issuance of the same number of shares was conducted in 2026
• The company reported strong financial results for Q1 2026
• Shareholders approved dividend payments for 2025 at 70 rubles per share

Points of divergence

• The buyback program was launched in 2025 — kommersant
• The buyback program was launched in 2025 and completed by the end of 2026 — vedomosti