Tuesday, March 5, 2024
HomeNewsMacauGalaxy Entertainment to issue 1.2m subscription shares to satisfy stock awards

Galaxy Entertainment to issue 1.2m subscription shares to satisfy stock awards

FOLLOW US

Galaxy Entertainment said it would issue 1,166,964 subscription shares to cover employee share awards. 

The company said the shares amount to about 0.03 percent of its outstanding capital. The shares will be issued to a trustee and the price will be financed out of internal resources. At the subscription price of HK$0.01, the total amount to be funded was just over $11,699.

Galaxy said the shares were worth HK$42.15 in the open market on Tuesday. The trustee will hold the shares for the grantees until they are vested.

The grantees do not include company directors. 

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES