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Yandex aims to expand employee incentive program - report

Jun. 13, 2019 10:55 AM ETYandex N.V. (YNDX) StockYNDXBy: Jason Aycock, SA News Editor2 Comments
  • 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

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