Macau (MNA) – MGM China has offered to grant share options to subscribe for a total of 1,265,000 shares of HK$1.00 each to certain eligible persons, the company said in a filing with the Hong Kong Stock Exchange on Friday.
The company says that ‘each grantee is neither a director, chief executive or substantial shareholder of the company nor an associate of any of them.’
The validity period of the share options is ten years from the date of grant.
Twenty-five per cent of the share options granted will each be vested on February 23, 2019, February 23, 2020, February 23, 2021 and February 23, 2022 respectively.
The subscription price is HKD23.20 per share.
