Yancoal finalises remaining 2020 and 2023 incentive rights
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Yancoal Australia (ASX:YAL) has finalised all outstanding vested rights from its 2020 long-term incentive plan following the exercise of 100,836 performance share rights on May 27.
The coal miner confirmed the vested rights were settled via the transfer of existing shares, effectively leaving no 2020 LTIP rights on issue.
In a separate transaction on the same day, participants in the company’s 2023 incentive scheme exercised 20,382 vested rights, which were also fulfilled using existing shares.
Following this latest draw-down, 61,909 vested 2023 LTIP rights remain on issue.
At the time of reporting, Yancoal Australia’s share price was $6.90.
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