News
Changes In Director's Interest (Section 219 Of CA 2016) - Morten Lundal
Particulars of Director
Name | MORTEN LUNDAL |
Descriptions(Class) | Ordinary Shares |
Details of changes
No |
Date of change
|
No of securities
|
Type of transaction
|
Nature of Interest
|
1 |
27/10/2017
|
605,813
|
Others
|
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
Company Name | MAXIS BERHAD |
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 |