Yandex has changed its approach to distributing shares for its motivation program

IT company Yandex has decided to conduct one large additional share issue, which will cover the projected needs of the motivation program until at least the end of 2027. Board of directors approved the placement of 11 million ordinary shares for these purposes — about 2.8% of the authorized capital. Company has also lowered the target for the average annual volume of share issuance from 2% to 1% of the base level since the program was launched.