Galaxy Entertainment Group has implemented a share subscription to fulfil Share Award Scheme 2021 obligations.<\/p>\n\n\n\n\n\n\n\n
Macau.- Galaxy Entertainment Group (GEG)<\/strong> has announced it will facilitate the fulfilment of the Share Award Scheme 2021 by permitting specific grantees to subscribe to approximately 0.09 per cent of the company’s share capital.<\/p>\n\n\n\n According to the company, a subscription agreement between GEG and BVI HoldCo will allow the trustee to subscribe for 3,894,565 subscription shares at the subscription price of HK$0.01 each<\/strong>. When the grant was awarded on August 30, the closing price of GEG\u2019s shares was HK$51.7 (US$6.6).<\/p>\n\n\n\n The company said an application will be made to the stock exchange for the granting and listing of, and permission to deal in, the subscription shares to be issued in the name of BVI HoldCo.<\/p>\n\n\n\n GEG has recently released its\u00a0financial results for the first half of the year<\/a>. The company posted a profit of HK$2.89bn (US$369.0m), compared to a HK$850.47m loss\u00a0in the same period of 2022<\/a>. Revenue was up 141 per cent year-on-year to HK$15.72bn (US$2.04bn) and adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) was up 2,193 per cent to HK$4.4bn.<\/p>\n","protected":false},"excerpt":{"rendered":" Galaxy Entertainment Group has implemented a share subscription to fulfil Share Award Scheme 2021 obligations.<\/p>\n","protected":false},"author":176,"featured_media":18146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Galaxy Entertainment Group (GEG) is facilitating its 2021 Share Award Scheme by allowing specific grantees to subscribe to approximately 0.09% of its share capital. This corporate action follows GEG's robust financial performance in H1 2023, reporting a significant profit turnaround and substantial year-on-year revenue and EBITDA growth.","focusai_entities":"Galaxy Entertainment Group, GEG, BVI HoldCo","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), compliance_legal (0.7), operator_casino (0.8), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Shareholder Dilution?","query":"What is the projected long-term impact of the Share Award Scheme 2021's subscription shares on GEG's outstanding share count and earnings per share, considering future vesting schedules?"},{"label":"H1 Performance Drivers?","query":"Beyond the reported figures, what specific gaming verticals or operational efficiencies were the primary drivers behind Galaxy Entertainment Group's significant H1 2023 revenue and EBITDA growth, particularly in the Macau market?"}],"footnotes":""},"categories":[16338,163],"tags":[23959],"class_list":["post-777008838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-galaxy-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777008838"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008838\/revisions"}],"predecessor-version":[{"id":777008856,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008838\/revisions\/777008856"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}