Gaming operator Wynn Macau has granted a purchase option to five of its directors to subscribe for an aggregate of 4,780,000 ordinary shares of HK$0.001 each.
According to a company Hong Kong Stock exchange filing, the respective share resulted in Director Allan Zeman receiving 1,992,000 shares, followed by Bruce Rockowitz, Jeffrey Kin-fung Lam, Nicholas Sallnow-Smith and Leah Dawn Xiaowei Ye with 697,000 shares each.
As of June 30 of this year and pursuant to the company’s share option schemes, Zeman – a director in the company since its inception – was already interested in share options for 5,068,200 Shares.
The directors will also have the option to purchase 20 per cent of the shares included per year between December 3, 2021 to December 3, 2030 at a subscription price per share of HK$13.84.
Wynn adopted a new share option scheme on May 30, 2019 for a period of 10 years and covering a maximum number of 519,695,860 shares.
The gaming operator reported US$280.6 million (MOP2.2 billion) in net losses during the third quarter of this year, with operating revenues dropping by 89.2 per cent year-on-year to some US$474.3 million.
