- Ahead of a June 27 annual meeting, Yandex (YNDX +1.4%) is looking to expand a staff motivation program to use 20% of capital, from a current 15%, according to Moscow business paper Vedomosti.
- That calls for the additional allocation of 16.2M shares for the program, according to the report.
- All employees are eligible, including advisers, consultants, officers and boardmembers; by year-end, the program will cover about half the company's employees.
- Source: Bloomberg