Yancoal Australia issues performance share rights to executives

Yancoal Australia Ltd (HKEX:3668) announced the issuance of 682,609 performance share rights ("LTIP Rights") to certain senior executives, effective today. This initiative falls under the company's 2025 long term incentive plan ("2025 LTIP") within the overarching Equity Incentive Plan, previously approved by shareholders. These rights have a nil issue price and are subject to vesting conditions tied to relative earnings per share and cost target hurdles, with vesting determined at the end of the performance period on December 31, 2027. If vested, each LTIP Right entitles the holder to one ordinary share, representing approximately 0.05% of the company's issued share capital. The company clarified that any vested LTIP Rights may be settled in fully paid ordinary shares or a cash equivalent at the Board's discretion. The issue of these rights forms part of the executives’ remuneration package, exempting it from specific reporting requirements.