Changes In Director's Interest (S135) - Mr Morten Lundal

Back Nov 05, 2015

Particulars of Director

Address Penthouse 1, Zephyr Point On Basong,
Lorong Basong,
Damansara Heights,
Kuala Lumpur
Descriptions(Class & nominal value) Ordinary Shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)


Circumstances by reason of which change has occurred
Please refer to remarks below.
Nature of interest
Indirect/deemed Interest
Consideration (if any)

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units) 1,002,390
Indirect/deemed interest (%) 0.013
Date of notice 05/11/2015


Remarks :
These shares are currently held by CIMB Commerce Trustee Berhad or its nominee pursuant to the terms and conditions of the incentive arrangement which forms part of the employment contract Morten Lundal has entered into with the Company, where the cash incentives payable to him were used to acquire shares from the open market. Subject to fulfillment of vesting conditions and the terms of incentive arrangement, these shares will vest in Morten Lundal on a deferred basis, in accordance with the terms and conditions of the said incentive arrangement. In addition to Morten Lundal's interest in these shares, he is also deemed interested in an additional 687,175 shares in the Company which are also currently held by CIMB Commerce Trustee Berhad and were acquired earlier pursuant to the incentive arrangement, as well as, such additional number of shares in the Company which shall only be determinable in the future, to be acquired using future cash incentives payable to him, pursuant to the terms and conditions of such incentive arrangement. This announcement is based on the information in the Notification pursuant to Section 135 of the Companies Act, 1965 dated 5 November 2015 and received by the Company on 5 November 2015.


Announcement Info

Stock Name MAXIS
Date Announced 05 Nov 2015
Category Changes in Director's Interest Pursuant to Section 135
Reference Number CS4-05112015-00014