Macau casino operator SJM Holdings Ltd. has granted its newly-installed executive director, Daisy Ho, 3 million share options in the company.

In a filing to the Hong Kong Stock Exchange, the casino operator said the options entitle Ho to subscribe for a total of 3 million ordinary shares of SJM Holdings. The exercise price of the options granted is HK$8.33 (US$1.07) per share.

The validity period of the options is from December 22, 2017 to December 21, 2026.

The first 1 million options will be vested on six months from the grant date. This will be followed by another 1 million options 18 months after the grant date. The last 3 million options will be vested on two years and six months from the grant date.