Yandex plans to issue 11 million shares // Yandex to issue 11 million shares in November

Yandex decided to hold an additional issue of 11 million ordinary shares in November to form a motivation program for 2027. The size of the planned additional issue corresponds to 2.8% of the authorized capital of the company.

The Board of Directors approved the additional placement of securities. Previously, the company conducted an additional issue for the incentive program once a quarter. Now it plans to hold one major additional release, which will cover the projected needs of the program at least until the end of 2027.

The new approach to the formation of the incentive program will allow to create the necessary pool of shares in advance and depend less on the timing of individual placements. Employees will receive securities as the options are exercised. Until then, they will not be able to vote and participate in the distribution of dividends.