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Melco gives share options to directors

Melco Resorts & Entertainment operates two IRs in Macau.
Melco Resorts & Entertainment operates two IRs in Macau.

Melco International Development has announced that directors and “certain employees” have been granted a purchase option on shares.

Macau.- Casino investor Melco International Development has announced it has granted a purchase option to directors worth in aggregate about HKD16.4m (US$2.1m).

The company revealed in a filing to the Hong Kong Stock Exchange that a total of 1,002,000 share options, with an exercise price of HKD16.38 each, have been granted. 

Melco International directors were also granted an aggregate of 369,000 options.

Director Clarence Chung Yuk Man received an option to subscribe to 204,000 shares, worth an aggregate of HKD3.34m.

The group, which is the majority owner of Macau-based casino operator Melco Resorts & Entertainment, has recently reported that net revenues were down 70.2 per cent year-on-year to HK$13.42bn (US$1.73bn) in 2020.

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