Tuesday, December 12, 2023
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Wynn announces new employee share ownership scheme

Wynn Macau has announced it allowed 586 employees to subscribe for an aggregate of 586,000 ordinary shares of HK$0.001 on October 5 as part of an Employee Ownership Scheme.

According to the Hong Kong Stock Exchange dispatch, this share grant represents approximately 0.01 percent of the issued share capital of the company as of the date of this announcement.

The shares granted to each Selected Participant will be vested 50 percent on 5 October 2026 and 50 percent on 5 October 2027.

After the share grant is awarded, 521,569,834 and 10,476,863 underlying Shares will be available for future grants under the scheme mandate limit and service provider sublimit of the Employee Ownership Scheme, respectively.

Wynn described the purposes of the Employee Ownership Scheme as to align the interests of eligible participants with those of the Company and its shareholders as a whole; to motivate and attract the eligible participants to enhance the value of the Company and its Shares for the benefits of the Company and the eligible participants; and to recognize and encourage eligible participants to make contributions to the long-term growth and profits of the group.

None of the selected participants were said to be a Director, chief executive, or substantial
shareholder of the company or their respective associates or otherwise a connected person of the company.

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