Galaxy Awards The Options For Shares
Galaxy entertainment group limited provided a total of 8.818,000 options for shares and awarded executive directors and founder of the company louis che wu 783,700.
In a statement for the hong kong stock exchange (hkse) galaxy announced the execution price of options, hkd48.65 ($ 6.21) per share. At the time of the announcement, the value of galaxy shares was 48.55 hong kong dollars ($ 6.20) per share.
Promping will be carried out from december 28, 2019 to 2021. The first 261,225 shares will be transferred on december 28, 2019.
Options for promotions and share of remuneration – 6,656,600 and 634,300, respectively – must be transferred to executive directories. 432,000 stock options and 50,900 shares will get as a a reward associative directors.
In addition to louis, che wu, who received 2,651,000 stock options and 257,100 shares, named grant recipients were depety chairman of francis louis yu tung, who received 3,749,000 options and 363,600 shares, paddi tang louis wai yu and joseph chi in keung.
Last november, the company provided 7,975,000 options for shares and 2,003,0,900 shares to employees who are not part of the board of directors.
In the third quarter of last year, the company’s net revenue amounted to 13 billion hong kong dollars ($ 1.66 billion), which is 6% more than in 2016. Ebitda indicator (profit before the deduction of interest, taxes, wear and deprection) amounted to 3.9 billion hong kong dollars ($ 498 million), which is 10% more than in the previous year. For 12 months ended september 30, 2018, the corrected ebitda indicator amounted to 16.7 billion hong kong dollars ($ 2.13 billion), which is 29% higher than for the previous 12 monhs.
Recall that vice president for marketing and international development in galaxy entertainment jeremy walker reported on the desire of the company to enter the japanese market in the coming years.