Wynn Macau Trims Convertible Bond Conversion Price to HK$8.68 After HK$0.223 Interim Dividend

Bulletin Express09-15

15 September 2026 – Wynn Macau announced an automatic adjustment to the conversion price of its US$600.00 million 4.50% convertible bonds due 2029, triggered by the board’s declaration of an interim dividend of HK$0.223 per share.

The conversion price will be reduced by 3.9% from HK$9.02275 to HK$8.67530, effective 16 September 2026—the day immediately following the 15 September 2026 record date. The recalibration follows the bond terms that require a downward revision whenever a cash distribution is made to shareholders.

Assuming full conversion after the adjustment, the bonds would translate into approximately 542.90 million new shares, equivalent to 10.2% of Wynn Macau’s current issued share capital of 5.30 billion shares and 9.3% of the enlarged share base. All other terms of the convertible bonds remain unchanged.

Bondholders are advised to consult professional advisers regarding the implications of the revised conversion price.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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