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FORM 6-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a–16 OR 15d–16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2014

Commission File Number: 001-33178

 

 

MELCO CROWN ENTERTAINMENT LIMITED

 

 

36^th Floor, The Centrium

60 Wyndham Street

Central

Hong Kong

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20–F or Form 40–F.    Form 20-F  x    Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3–2(b) under the Securities Exchange Act of 1934.    Yes  ¨    No  x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3–2(b): 82– N/A

 

 

 

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MELCO CROWN ENTERTAINMENT LIMITED

Form 6–K

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Signature

 

Exhibit 99.1

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: March 31, 2014

 

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EXHIBIT INDEX

 

Exhibit No.				Description
Exhibit 99.1				Grant of share options and restricted shares

Exhibit 99.1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

 

Melco Crown Entertainment Limited

 

(Incorporated in the Cayman Islands with Limited Liability)

(SEHK Stock Code: 6883)

GRANT OF SHARE OPTIONS AND RESTRICTED SHARES

 

The board of directors (the “Board”) of Melco Crown Entertainment Limited (the “Company”) announces that on March 28, 2014, the Company has granted to certain employees (i) share options (the “Share Options”) to subscribe for a total of 1,286,700 ordinary shares of US$0.01 each of the Company (the “Shares”) and (ii) restricted shares in respect of a total of 729,855 Shares pursuant to the 2011 share incentive plan adopted on October 6, 2011 (the “2011 Share Incentive Plan”). Details of the grants are as follows.

 

(i)	Share Options

 

Date of grant		March 28, 2014
Exercise price		US$12.98 per Share
Number of underlying Shares involved		1,286,700
Closing price of the Shares on the date of grant		US$12.4867 per Share
Validity period of the Share Options		The Share Options are valid for a period of 10 years from the date of grant

The Share Options were granted with the following vesting dates:

 

Number of Share Options		Vesting date
21,624 (Note)		March 28, 2016			March 28, 2017
1,265,076		March 28, 2017

 

Note:		Two-third and one-third of 21,624 Share Options are to be vested on March 28, 2016 and March 28, 2017 respectively.

 

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Among the Share Options granted above, Share Options to subscribe for 320,343 Shares were granted, with the approval of the compensation committee of the Company which comprises independent non-executive directors of the Company, to the following director of the Company and details are as follows:

 

Name		Position		Number of underlying Shares involved
Mr. Ho, Lawrence Yau Lung		Co-chairman, chief executive officer and executive director		320,343

 

(ii)	Restricted Shares

 

Date of grant		March 28, 2014
Number of Shares involved		729,855
Vesting Period		Maximum 3 years

Among the restricted share granted above, restricted share in respect of 246,652 Shares were granted, with the approval of the compensation committee of the Company which comprises independent non-executive directors of the Company, to the following directors of the Company and details are as follows:

 

Name		Position		Number of restricted shares				Number of underlying Shares involved				Vesting date
												March 28, 2015				March 28, 2016				March 28, 2017
Ho, Lawrence Yau Lung		Co-chairman, chief executive officer and executive director			160,171				160,171				0				0				160,171
Packer, James Douglas		Non-executive director (Co-chairman)			9,609				9,609				3,201				3,204				3,204
Chung, Clarence Yuk Man		Non-executive director			9,609				9,609				3,201				3,204				3,204
Tsui, Yiu Wa Alec		Independent non-executive director			9,609				9,609				3,201				3,204				3,204
Wang, John Peter Ben		Non-executive director			9,609				9,609				3,201				3,204				3,204
Mactier, Robert Wason		Independent non-executive director			9,609				9,609				3,201				3,204				3,204
Wu, Thomas Jefferson		Independent non-executive director			9,609				9,609				3,201				3,204				3,204
MacKenzie, James Andrew Charles		Independent non-executive director			9,609				9,609				3,201				3,204				3,204
Craigie, Rowen Bruce		Non-executive director			9,609				9,609				3,201				3,204				3,204
Nisbet, William Todd		Non-executive director			9,609				9,609				3,201				3,204				3,204

The grant of restricted shares as disclosed in this announcement does not constitute non-exempt connected transactions nor notifiable transactions under Chapter 14A or Chapter 14 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

 

Macau, March 31, 2014

As at the date of this announcement, the Board comprises one executive Director, namely Mr. Ho, Lawrence Yau Lung (Co-Chairman and Chief Executive Officer); five non-executive Directors, namely Mr. Packer, James Douglas (Co-Chairman), Mr. Wang, John Peter Ben, Mr. Chung, Clarence Yuk Man, Mr. Nisbet, William Todd, and Mr. Craigie, Rowen Bruce; and four independent non-executive Directors, namely Mr. MacKenzie, James Andrew Charles, Mr. Wu, Thomas Jefferson, Mr. Tsui, Yiu Wa Alec, and Mr. Mactier, Robert Wason.

 

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