Yancoal cancels performance share rights following employee resignations

Yancoal Australia Limited has cancelled a total of 45,835 performance share rights as a result of employee resignations. The cessation, effective September 4, 2025, includes 5,383 YALAC Performance Share Rights from the 2023 STIP, which were due to vest on March 1, 2026. Additionally, 40,452 YALAD Performance Share Rights from the 2024 STIP were cancelled; these rights had staggered vesting dates of 50% on March 1, 2026, and 50% on March 1, 2027.

The cancellations are in accordance with Yancoal's overarching Equity Incentive Plan, approved by shareholders on May 30, 2018. For both ceased security classes, Yancoal paid a consideration of AUD 5.4578 per security.

Following these cessations, Yancoal's issued capital now comprises 1,320,439,437 ordinary fully paid shares. The total number of unquoted equity securities has also been adjusted, with 957,566 YALAD Performance Share Rights (STIP 2024) and 422,195 YALAC Performance Share Rights (STIP 2023) remaining on issue, alongside other existing unquoted securities.