Wynn Macau grants share awards to two employees

04/03/25

Wynn Macau has allowed two employees to subscribe for 1,214,527 shares.

Macau.- Wynn Macau has granted share awards to two employees under its Employee Share Plan. The awards, granted on March 31, totalled 1,214,527 ordinary shares, representing about 0.02 per cent of issued share capital. The closing price per share at that time was HK$5.57 (US$0.72).

The casino operator said the awards granted to one of the employees will be vested 20 per cent on April 30, 2026, 40 per cent on April 30, 2027, and 40 per cent on April 30, 2028, based on performance targets. The awards granted to the other employee shall have a cliff vesting on March 31, 2026, without performance conditions. If either employee leaves the company or violates policies, their awards will lapse.

The Employee Ownership Scheme was introduced on May 25, 2023. It aims to motivate and attract employees to enhance the value of the company and its shares and to recognise and encourage eligible participants to make contributions to the long-term growth and profits of the group

The company said: “The grant of Awards will be satisfied by issuance of new shares within the scheme mandate limit under the Employee Ownership Scheme. After the above grant of awards, 495,965,694 and 10,476,863 underlying shares will be available for future grant under the scheme mandate limit and service provider sublimit of the Employee Ownership Scheme, respectively.”

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