Melco Resorts & Entertainment (MLCO) has released an update.
Melco Resorts & Entertainment is seeking shareholder approval for amendments to its 2021 Share Incentive Plan, which will be effective from June 13, 2024, if sanctioned. The revised plan expands eligibility to include various participants connected to the company and its subsidiaries, and sets a cap on New Share Grant Awards at 10% of issued shares. Additionally, the plan stipulates a minimum vesting period of 12 months for these awards.
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