Just over HKD11.1 million (US$1.42 million) has been grossed from the Monday (May 19) sale of 2.05 million units of Wynn Macau Ltd shares by Frederic Luvisutto, chief operating officer and an executive director at the Hong Kong-listed company. That is according to the latest share disclosure records filed with the bourse.
The shares were disposed of at an average price of HKD5.418 per unit.
Following the disposal, Mr Luvisutto owns 7.68 million shares in Wynn Macau. His long position in the company is reduced to 0.15 percent from the original 0.19 percent.
With this latest disposal deal, the Wynn Macau COO’s number of shares held in the casino operator is also 27.4 percent less than what he had held in January this year.
As of January 21, Mr Luvisutto held over 10.58 million shares in Wynn Macau – or 0.20 percent in long position in the company – following a share grant pursuant to its employee ownership scheme.
An April 1 share disposal saw his long position in the company reduced to 0.19 percent, a transaction that grossed nearly HKD4.82 million.
Wynn Macau Ltd shares closed in Monday trading at HKD5.39 per share, rising to HKD5.44 as of Tuesday.
The company runs the Wynn Macau property (pictured) on the city’s peninsula, and Wynn Palace in the Cotai district.
