Wednesday, February 28, 2024
HomeNewsMacauWynn Macau grants about 5 million share options to five non-executive directors

Wynn Macau grants about 5 million share options to five non-executive directors

FOLLOW US

Wynn Macau has granted five independent non-executive directors the option to subscribe for an aggregate of 5,017,000 ordinary shares of HK$0.001 each.

The subscription price per share under the options will be HK$5.94, with the exercise period set between December 7, 2024 and December 6, 2033.

Allan Zeman, Wynn’s non-executive Chairman, was granted the highest number of shares under the scheme, a total of 1,405,000

Meanwhile, non-executive directors, Bruce Rockowitz, Jeffrey Lam Kin Fung, Nicholas Sallnow-Smith, and Leah Dawn Xiaowei Ye were each granted 903,000 share options.

The Wynn remuneration committee considered that granting the options without any performance targets was a recognition of the five non-executive directors’ continued efforts for bringing in objective insights and independent judgement to the board.

‘The purposes of the Share Option Scheme are to align the interests of eligible participants with those of the Company and its shareholders as a whole; to motivate and attract eligible
participants to enhance the value of the Company and its Shares for the benefits of the company and eligible participants,’ Wynn stated in a dispatch signed by Zeman himself.

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