Changes In Director's Interest (Section 219 Of CA 2016) - Morten Lundal

Back Oct 30, 2017

Particulars of Director

Descriptions(Class) Ordinary Shares

Details of changes

Date of change
No of securities
Type of transaction
Nature of Interest
Indirect Interest
Name of registered holder CIMB Commerce Trustees Berhad
Description of "Others" Type of Transaction Please see remarks
Consideration (if any) RM5.867 per ordinary share


Circumstances by reason of which change has occurred

Please refer to remarks below

Nature of interest

Indirect Interest

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units) 2,199,991
Indirect/deemed interest (%) 0.028
Date of notice 30/10/2017
Date notice received by Listed Issuer 30/10/2017


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 1,594,178 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 219 of the Companies Act, 2016 dated 30 October 2017 and received by the Company on 30 October 2017.


Announcement Info

Stock Name MAXIS
Date Announced 30 Oct 2017
Category Changes in Director's Interest Pursuant to Section 219 of CA 2016
Reference Number CS4-27102017-00028