Patrick Dumont, chairman of Sands China and chairman and chief executive officer of Las Vegas Sands Corp., has reported a higher deemed interest in LVS after his spouse received shares in the company, according to a Hong Kong Stock Exchange disclosure.
The filing shows that Dumont’s disclosed long position in LVS increased from 4.89 percent to 11.65 percent following the transfer.
The relevant event took place on June 17th and was disclosed on June 22nd. The filing states that the shares were ‘given’ and that the transfer took place off-exchange with no cash consideration.
The additional shares were disclosed as an interest of Dumont’s spouse, Annabelle Sivan Dumont. Under Hong Kong disclosure rules, directors may be deemed to hold interests in shares held by their spouse or minor children.
The filing relates to Dumont’s interest in Las Vegas Sands, Sands China’s parent company, and does not indicate a direct change in his Sands China shareholding.
