Summary by Futu AI
On 2 May 2024, Wynn Macau Limited (“Wynn Macau”) awarded 347 employees of its Group with a total of 920,893 shares of ordinary shares representing approximately 0.02% of the issued share capital. The award is based on the company's Employee Share Ownership Scheme, which aims to motivate employees and establish common interests with the company and shareholders. Awarded rewards are not subject to purchase price and are not limited by performance targets. Rewards are awarded for a period of 33 to 48 months and will be awarded in certain batches. Rewards will automatically expire if employee service is terminated. Following the award, more than 5 billion shares remain available for future issuance in the Employee Share Ownership Scheme. The Board of Directors of Wynn Macau consists of several executive directors and independent non-executive directors and is chaired by Dr Shing Chi Wen.