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

Back Oct 25, 2016

Particulars of Director

Descriptions(Class & nominal value) Ordinary Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

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


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) 361,155
Direct (%) 0.005
Indirect/deemed interest (units) 1,594,178
Indirect/deemed interest (%) 0.020
Date of notice 25/10/2016


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 which 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 on Morten Lundal on a deferred basis. In addition to Morten Lundal's interest in these shares, he is also deemed interested in an additional 1,002,390 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 25 October 2016 and received by the Company on 25 October 2016.


Announcement Info

Stock Name MAXIS
Date Announced 25 Oct 2016
Category Changes in Director's Interest Pursuant to Section 135
Reference Number CS4-24102016-00003