Melco Resorts & Entertainment Limited (MLCO)
Filed: 29 Aug 14, 12:00am
Exhibit 99.1
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in the Cayman Islands with Limited Liability)
(SEHK Stock Code: 6883)
GRANT OF SHARE OPTIONS AND RESTRICTED SHARES
| The Board announces that on August 28, 2014, the Company has granted (i) share options to subscribe for a total of 33,993 Shares; and (ii) restricted shares in respect of a total of 17,001 Shares, pursuant to the 2011 Share Incentive Plan. |
The board of directors (the “Board”) of Melco Crown Entertainment Limited (the “Company”) announces that on August 28, 2014, the Company has granted to an employee (i) share options (the “Share Options”) to subscribe for a total of 33,993 ordinary shares of US$0.01 each of the Company (the “Shares”) and (ii) restricted shares in respect of a total of 17,001 Shares pursuant to the 2011 share incentive plan adopted on October 6, 2011 (the “2011 Share Incentive Plan”). Details of the grants are as follows.
| (i) | Share Options |
| Date of grant | August 28, 2014 | |
| Exercise price | US$9.6554 per Share | |
| Number of underlying Shares involved | 33,993 | |
| Closing price of the Shares on the date of grant | US$9.56 per Share | |
| Validity period of the Share Options | The Share Options are valid for a period of 10 years from the date of grant |
The Share Options were granted with the following vesting dates:
| Number of Share Options | Vesting date(Note) | |||||
33,993 | August 28, 2015 | August 28, 2016 | August 28, 2017 | |||
| Note: | Shares Options are to be vested equally over 3 years on the relevant vesting dates. |
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| (ii) | Restricted Shares |
| Date of grant | August 28, 2014 | |
| Number of Shares involved | 17,001 | |
| Vesting Period | To be vested equally over 3 years from the date of grant |
The grantee under this grant of restricted shares is not a connected person of the Company, and therefore such grant has no implication under Chapter 14A of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.
| By Order of the Board of |
| Melco Crown Entertainment Limited |
| Ho, Lawrence Yau Lung |
| Co-Chairman and Chief Executive Officer |
Macau, August 29, 2014
As at the date of this announcement, the Board comprises one executive Director, namely Mr. Ho, Lawrence Yau Lung (Co-Chairman and Chief Executive Officer); five non-executive Directors, namely Mr. Packer, James Douglas (Co-Chairman), Mr. Wang, John Peter Ben, Mr. Chung, Clarence Yuk Man, Mr. Nisbet, William Todd, and Mr. Craigie, Rowen Bruce; and four independent non-executive Directors, namely Mr. MacKenzie, James Andrew Charles, Mr. Wu, Thomas Jefferson, Mr. Tsui, Yiu Wa Alec, and Mr. Mactier, Robert Wason.
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