Dealings In Listed Securities (Chapter 14 Of Listing Requirements) : Dealings Outside Closed Period
|Subject||DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Notification of dealings in the securities of the Company by Principal Officer pursuant to Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities")
Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Securities, the Company wishes to announce the dealings in the securities of the Company by a Principal Officer outside a closed period is as set out below:- (i) Name of Principal Officer: Morten Lundal (ii) Description: Ordinary Shares of RM0.10 each (iii) Date dealing occurred: 4 November 2015 (iv) Consideration/ Price per share (RM): RM6.587 per share (v) Number of Shares: 315,215 * (vi) % of issued share capital: 0.004 * 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 of Dealings in the securities of the Company dated 5 November 2015 and received by the Company on 5 November 2015.
|Company Name||MAXIS BERHAD|
|Date Announced||05 Nov 2015|
|Category||General Announcement for PLC|