Galaxy Entertainment Group Limited has granted a total of 8,818,000 share options and awarded a total of 783,700 shares to its executive directors, including company founder Lui Che Woo, and other shareholders.

In a filing with the Hong Kong Stock Exchange (HKSE), Galaxy announced an exercise price for the options of HKD48.65 ($6.21) per share. At the time of the announcement, Galaxy shares had closed at HKD48.55 ($6.20) per share.

Such options to subscribe will be valid until December 27, 2024, and to be distributed every year from 2019 to 2021, beginning with 2,939,301 options on December 28, 2019.

The share awards will be distributed from 2019 to 2021, beginning with 261,225 shares on December 28, 2019.