other material
confidence high
sentiment neutral
materiality 0.40
Wynn Macau adjusts convertible bond conversion price to HK$10.01212 after dividends
WYNN RESORTS LTD
- Conversion price of 4.50% convertible bonds due 2029 reduced 2.3% from HK$10.24375 to HK$10.01212 effective Sept 4, 2024.
- Adjustment triggered by final dividend of HK$0.075/share (FY2023) and interim dividend of HK$0.075/share (H1 2024) paid with record date Sept 3, 2024.
- All other terms and conditions of the convertible bonds remain unchanged; Wynn Resorts owns approx. 72% of WML shares.