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Wynn Macau grants almost 5 million share options to chairman, directors

Newsdesk by Newsdesk
Fri 6 Dec 2024 at 05:32
Wynn announces pricing of senior notes, expects to raise almost US$850 million

Wynn Macau

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Macau concessionaire Wynn Macau Ltd has granted almost 5 million share options to members of its Board of Directors as part of the company’s share options scheme.

In a filing, Wynn Macau said it granted a total of 4,983,000 options to five non-executive directors, namely chairman Allan Zeman plus Bruce Rockowitz, Jeffrey Lam Kin Fung, Nicholas Sallnow-Smith and Leah Dawn Xiaowei Ye.

The shares have a subscription price of HK$5.86 per share and can be exercised between 5 December 2025 and 4 December 2034.

According to Wynn Macau’s filing, Zeman has been granted 1,395,000 shares and the other four directors 897,000 shares each.

Wynn Macau, which recently reported operating revenues of US$871.7 million for the three months to 30 September 2024 – up 6.3% year-on-year – saw its shares close at HK$5.83 on Thursday.

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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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