The company said the conversion price of Wynn Macau, Limited's 4.50% convertible bonds due 2029 will be adjusted from HK$10.01212 to HK$9.66905, effective on June 3, 2025.

1. 01

   The company said the conversion price of Wynn Macau, Limited's 4.50% convertible bonds due 2029 will be adjusted from HK$10.01212 to HK$9.66905, effective on June 3, 2025.

2. 02

   Wynn Macau, Limited's conversion price will be adjusted, the company explained, because it is paying a final dividend of HK$0.185 per share to shareholders on the register as of June 2, 2025.

3. 03

   Apart from the conversion price adjustment, the company said all other terms of the convertible bonds remain unchanged. The bonds were announced in March 2023 in a US$600 million offering.

4. 04

   The company said that if the convertible bonds are fully converted after the adjustment, they will convert into about 487,102,663 shares, or about 9.3% of the company's total issued shares of 5,256,707,600. Wynn Resorts disclosed that it owns about 72% of Wynn Macau, Limited's common stock.

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Original filing

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