{"id":777012161,"date":"2024-01-02T08:42:55","date_gmt":"2024-01-02T11:42:55","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012161"},"modified":"2026-04-22T14:25:15","modified_gmt":"2026-04-22T17:25:15","slug":"nagacorp-defers-2021-share-awards","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-defers-2021-share-awards","title":{"rendered":"NagaCorp defers 2021 share awards"},"content":{"rendered":"\n<p>The company has deferred 2021 share awards to the end of the current financial year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.-<strong>\u00a0NagaCorp<\/strong>\u00a0has announced the further deferral of share awards from 2021 to the end of the current financial year. The awards amount to over 10.2 million shares for directors and 9 million for non-connected participants.<\/p>\n\n\n\n<p>The company said: &#8220;Tourism continues to recover at a gradual pace given the phased restoration of international flights and the external macroeconomic environment.\u00a0<\/p>\n\n\n\n<p>&#8220;In view of the group is still going through the post-Covid-19 business recovery, the board is of the view that it would be prudent to further defer the Initial Grants to the financial year ending 2024, with the exact timing of such grants to be determined by the board after taking into consideration the performance of the group at the relevant time.&#8221;<\/p>\n\n\n\n<p>The filing noted that the nearly 1.17 million shares designated for NagaCorp&#8217;s founder, Chen Lip Keong,\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/nagacorp-founder-and-ceo-chen-lip-keong-dies\" target=\"_blank\" rel=\"noreferrer noopener\">who died on December 8, 2023<\/a> may be transferred based on his will or on legal distribution.<\/p>\n\n\n\n<p><a href=\"https:\/\/focusgn.com\/asia-pacific\/nagacorp-posts-ggr-of-us379m-for-first-nine-months-of-2023\" target=\"_blank\" rel=\"noreferrer noopener\">NagaCorp posted gross gaming revenue (GGR)<\/a>\u00a0of US$379m for the first nine months of the year 2023, up 12.1 per cent year-on-year. Unaudited preliminary earnings before interest, tax, depreciation and amortisation (EBITDA) was US$215.4m, up 17.4 per cent year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has deferred 2021 share awards to the end of the current financial year.<\/p>\n","protected":false},"author":176,"featured_media":18779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"NagaCorp has announced the further deferral of 2021 share awards for directors and non-connected participants to the end of the current financial year, citing ongoing post-COVID-19 business recovery. Concurrently, the company reported a 12.1% year-on-year increase in GGR to US$379m and a 17.4% rise in EBITDA to US$215.4m for the first nine months of 2023. The filing also addressed the disposition of shares designated for its late founder, Chen Lip Keong.","focusai_entities":"NagaCorp, Chen Lip Keong","focusai_location":"Cambodia","focusai_target_profile":"ceo_executive (0.95), compliance_legal (0.75), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Impact of Share Deferral?","query":"What are the specific implications of deferring 2021 share awards on NagaCorp's executive retention strategy and long-term incentive alignment, particularly in a post-recovery phase?"},{"label":"GGR\/EBITDA Growth Drivers?","query":"Beyond the general tourism recovery, what specific gaming verticals or operational efficiencies are driving NagaCorp's GGR and EBITDA growth, and are these trends sustainable?"}],"footnotes":""},"categories":[157,16333],"tags":[2336],"class_list":["post-777012161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012161","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=777012161"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012161\/revisions"}],"predecessor-version":[{"id":777012173,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012161\/revisions\/777012173"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18779"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}