Cambodian gaming operator NagaCorp has announced its decision to let initial grants of shares lapse and terminate the Share Award Scheme due to worsening business performance.
The Hong Kong-listed company disclosed the decision on December 27th, 2024, via a filing with the Stock Exchange.
The company explained that, due to ‘changes in the circumstances of the Group’ and the significant amount of time that has passed since the initial grants were proposed by the Board and approved by the shareholders, it is no longer appropriate to proceed with the initial grants.
