Summary by Futu AI
Wynn Macau Limited announced that, according to the terms and conditions of its convertible bonds, the conversion price of the bonds will be adjusted due to the company's declaration of dividends of HKD 0.075 per share at the end of 2023 and HKD 0.075 per share in mid-2024. The original conversion price was HKD 10.24375, and the adjusted new conversion price is HKD 10.01212. This adjustment will take effect on September 4, 2024. In addition, assuming all convertible bonds are converted into shares, the bonds can be converted into approximately 470,411,861 shares, accounting for approximately 9.0% of the company's issued share capital. The board of directors of Wynn Macau Limited includes executive directors Pan Guohong and Law Wai Sun, executive director and vice chairman Chen Zhiling, as well as non-executive directors.