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Melco Resorts Adopts Share Purchase and Award Program To Recognize Employees

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  • Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) has adopted a Share Purchase and Award Program for its employees.

  • This plan applies to eligible employees who agreed in 2020 to participate in the voluntary leave program.

  • Under this program, an eligible employee can use a portion of the base salary to purchase and receive a grant of restricted shares under the Melco Resorts 2011 Share Incentive Plan.

  • The term of the plan is from July 2021 to June 2022.

  • The maximum amount of restricted shares issued under the program represents less than 0.50% of the company's total shares outstanding as of July 8, 2021.

  • “As the pandemic gradually subsides, we would like to extend our gratitude and appreciation to all our colleagues and ensure they have the chance to capitalize on the long-term growth of the Company,” said CEO Lawrence Ho.

  • Price action: MLCO shares are trading lower by 2.34% at $15.67 on the last check Thursday.

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