Melco Resorts Adopts Share Purchase and Award Program To Recognize Employees

Melco Resorts & Entertainment Ltd 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.