Summary by Futu AI
Wynn Macau Limited announced on 2 January 2024 that under its Employee Share Ownership Scheme it has awarded 346 employees to subscribe for a total of 346,000 shares of ordinary shares representing approximately 0.007% of the issued share capital. The award will be distributed in two phases between 2027 and 2028. The program aims to create common interests with employees, motivate employees to enhance the value of the company and contribute to the long-term growth of the Group. The awards are not limited to performance targets and are not financially supported. The Board of Directors confirms that no relevant persons such as directors, principal executives or major shareholders are among the awardees. This move is in line with market practice and the objectives of the Plan and the issuance of new shares within the Plan Authorization Limit.