Peticija adresuota: Community service

Lawrence Hou Yau-Lung (file photo), chairman and chief executive of Melco Resorts & Entertainment, is one of four named senior representatives of the group, which will be granted a total of US$9.04 million in restricted shares in the U.S.-listed global casino operator, according to a Friday filing by Hong Kong-listed parent company Melco International Development. 무료슬롯사이트

The grants were denominated in American Depositary Shares (ADS), each equivalent to three common Melco Resorts shares. The grants were part of a limited share grant to employees and service providers at Melco Resorts, which included 3.74 million ADSs worth a total of $28.3 million.

ADS's closing price on the Nasdaq Global Select Market on April 3 was at US$7.56.

"There is no performance target or redemption mechanism attached to the licensed restricted shares," the filing said.

Mr. Ho was granted 952,380 ADS equivalent to 2,857,140 Melco Resorts shares worth a total of US$7.2 million.

Evan Winkler, President and Executive Director, receives 149,637 ADSs. Clarence Chung Yuk Man, Executive Director, receives 74,406 ADSs. John Crawford, Independent Non-Executive Director, receives 19,842 ADSs.

The first will be invested on April 3, 2025 and the other two in the same batch of April 3, 2026 and April 3, 2027.

The funding for Mr. Ho and Mr. Winkler was intended to "encourage and motivate" them in terms of "the development of the Melco Resorts Group and its business".

The company operates casinos in Macau as well as City of Dreams Manila in the Philippine capital. It also has exclusive licenses in the Republic of Cyprus, home to the main resort city of dreams Mediterranean Sea.

Melco Resorts said in the group's fourth-quarter earnings release in late February that it had "lost a share" within the Macau market in terms of earnings before interest, taxation, depreciation and amortization.

The granting of restricted shares to Mr. Ho and Mr. Winkler "applies to reporting and presentation requirements but exempts approval requirements from independent shareholders," the filing said.

Mr Winkler has been so proud of share options accounting to 605,166 ADSs – equitable in value to just Hong Kong-listed parent company Melco International Development on Friday said Lawrence Hou Yau-Lung, chairman and chief executive of Melco Resorts & Entertainment, is one of four nominated senior representatives of the group that will be granted a total of US$9.04 million in restricted shares in the U.S.-listed global casino operator.

The grants were denominated in American Depositary Shares (ADS), each equivalent to three common Melco Resorts shares. The grants were part of a limited share grant to employees and service providers at Melco Resorts, which included 3.74 million ADSs worth a total of $28.3 million.

ADS's closing price on the Nasdaq Global Select Market on April 3 was at US$7.56.

"There is no performance target or redemption mechanism attached to the licensed restricted shares," the filing said.

Mr. Ho was granted 952,380 ADS equivalent to 2,857,140 Melco Resorts shares worth a total of US$7.2 million.

President and Managing Director Evan Winkler receives 149,637 ADSs. Executive Director Clarence Chung Yuk Man receives 74,406 ADSs.