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Wynn Macau Ltd grants share options to five directors

Wynn Macau Ltd has granted share options comprising 4,780,000 ordinary shares to five directors under the company’s share options scheme.

The shares, at a price of HK$0.001 per share, include 1,992,000 granted to Wynn Macau Ltd Chairman Allan Zeman and 697,000 each to non-executive directors Bruce Rockowitz, Jeffrey Kin-fung Lam, Nicholas Sallnow-Smith and Leah Dawn Xiaowei Ye.

They include an exercise period of nine years from 4 December 2020 with the directors able to exercise up to 20% of their options in each of the first five years of the exercise period, plus any of the permissible amount not exercised in any of the previous years.

The granting of shares comes after Wynn Macau Ltd recently announced a loss of US$216 million loss for the three months to 30 September 2020 due to the impact of COVID-19 restrictions on cross-border travel.

In August, the company completed a senior notes offering to institutional investors, raising around US$843.5 million in additional liquidity to see it through the pandemic.

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