Wynn Macau offers 346 employees opportunity to subscribe to 346,000 ordinary shares

At a price of HK$0.001 per share, 346 Wynn Macau Limited workers may subscribe for 346,000 common shares.

A document filed on Wednesday states that this move is a part of Wynn Macau Limited’s employee ownership plan, which went into effect on May 25, 2023.

The number of shares given is equivalent to about 0.007% of the corporation’s outstanding share capital. On the grant day, the closing share price was HK$6.56 ($0.84).

Every chosen employee will get shares under the scheme, of which 50% will vest on January 4, 2027, and the remaining 50% on January 4, 2028.

Wynn Macau proposed to five independent non-executive directors the opportunity to subscribe for HK$0.001 apiece, for a total of 5,017,000 ordinary shares. As part of its ownership and pay structure, the firm has committed to several equity-based incentives for directors and workers alike.

Original story by: Asia Gaming Brief