Tuesday 10th January 2017 |
Text too small? |
SkyCity Entertainment Group's former President of International Business, Ejaaz Dean, forfeited the right to 177,500 shares through the company's long-term incentive plan for executives when he left last year, documents published by the NZX show.
The Auckland-based casino and gaming group announced Dean's departure in October, telling investors he was leaving to become the managing director of a gaming property in Europe.
His exit came a week before the arrest of competitor Crown Resorts' executive vice president VIP International Jason O'Connor in China. Seventeen other employees of Crown were arrested in what was seen as a crackdown by Beijing on the flouting of a law which means it is illegal to arrange for more than 10 people to travel to gamble overseas.
At the current share price of $3.91, Dean's exit means he lost out on $694,025. He remains a holder of 13,177 shares, valued at $51,522.07
Shares of SkyCity fell 0.3 percent in trading today to $3.91. They've fallen 0.3 percent since the start of 2017 and are down 0.6 percent on a year ago.
BusinessDesk.co.nz
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes