Summary by Moomoo AI
Wynn Macau Limited announced that, in accordance with the terms and conditions of its convertible bonds, due to the company declaring a year-end dividend of HK$0.075 per share and a mid-year dividend of HK$0.075 per share for 2023, the conversion price of the bonds will be adjusted. The original conversion price was HK$10.24375, and the new adjusted conversion price is HK$10.01212, with the adjustment taking 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, representing approximately 9.0% of the company's issued share capital. Members of the board of directors of Wynn Macau Limited include executive directors Ian Michael Coughlan, Ronald Allan Kramer, executive director and vice chairman Linda Chen, and non-executive directors.
