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Wynn Macau grants 5 million share options to directors

Newsdesk by Newsdesk
Fri 8 Dec 2023 at 06:11
Wynn Macau named Official Venue Partner for Asia’s 50 Best Restaurants 2022

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Macau concessionaire Wynn Macau Ltd has granted a little over 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 5,017,000 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$5.94 per share and can be exercised between 7 December 2024 and 6 December 2033.

According to Wynn Macau’s filing, Zeman has been granted 1,405,000 shares and the other four directors 903,000 shares each.

Wynn Macau, which recently reported operating income of US$127.1 million for the three months to 30 September 2023 – reversing a US$162.7 million loss a year earlier – saw its shares close to HK$5.94 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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