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

Back Feb 23, 2017

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


Nature of interest


Consideration (if any)

RM6.44 per share

Total no of securities after change

Direct (units) 0
Direct (%)
Indirect/deemed interest (units) 1,594,178
Indirect/deemed interest (%) 0.020
Date of notice 23/02/2017


Remarks :

Note on Indirect/deemed interest in shares

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 the Director has entered into with the Company, where the cash incentives payable to him were used to acquire shares from the open market. Subject to fulfilment of the vesting conditions and the terms and conditions of the said incentive arrangement, these shares will vest in the Director on a deferred basis. In addition to his interest in these shares, he is also deemed interested in 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 219 of the Companies Act 2016 dated 23 February 2017 and received by the Company on 23 February 2017.


Announcement Info

Stock Name MAXIS
Date Announced 23 Feb 2017
Category Changes in Director's Interest Pursuant to Section 135
Reference Number CS4-23022017-00005