Dealings In Listed Securities (Chapter 14 Of Listing Requirements) : Dealings During Closed Period
|Subject||DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Acceptance by Principal Officers of the offer for Ordinary Shares of Maxis Berhad of RM0.10 each under Long Term Incentive Plan (LTIP)
Maxis Berhad (“Maxis”or “the Company”) has received notifications pursuant to Paragraph 14.09 (a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("LR") from the following persons, who are deemed as principal officers of the Company for the purpose of Chapter 14 of the LR, of their dealings in the shares of the Company within a Closed Period, details of which are set out below:- -
Acceptance of Maxis’ offer to grant performance share involving ordinary shares of RM0.10 each (“Maxis Shares”) under the Company’s Long Term Incentive Plan as set out in Table 1 in the attachment.
These dealings are exempted from Closed Period restrictions under paragraph 14.06 of the LR.
Table 1 List of Principal Officers accepting the Performance Share Grant under the Long Term Incentive Plan (“LTIP”)
# - negligible Note
1: Subject to the terms and conditions of the by-laws governing the LTIP, the Principal Officers shall be entitled to receive new Maxis Shares to be issued pursuant to the LTIP, upon meeting the vesting conditions as set out in the letter of offer for the LTIP. The vesting conditions comprise the performance targets for the period commencing 1 January 2016 and ending on 31 December 2018, as stipulated by Maxis Remuneration Committee. The Maxis Shares under the offer shall vest on 30 June 2019, subject to meeting such performance targets.
This announcement is dated 18 July 2016.
|Company Name||MAXIS BERHAD|
|Date Announced||18 Jul 2016|
|Category||General Announcement for PLC|