Changes in Director's Interest (Section 219 of CA 2016)
PARAMOUNT CORPORATION BERHAD |
Information Compiled By KLSE
Particulars of Director
Name | MR BENJAMIN TEO JONG HIAN |
Descriptions(Class) | Ordinary shares in Paramount Corporation Berhad (Paramount Shares) |
Details of changes
No | Date of change |
No of securities |
Type of transaction |
Nature of Interest |
13/03/2020
|
352,700
|
Others
|
Indirect Interest
|
|
Name of registered holder | Benjamin Teo Jong Hian | |||
Description of "Others" Type of Transaction | LTIP Grants | |||
Consideration (if any) | 0 | |||
17/03/2020
|
19,200
|
Others
|
Direct Interest
|
|
Name of registered holder | Benjamin Teo Jong Hian | |||
Description of "Others" Type of Transaction | Vesting of shares | |||
Consideration (if any) | 0 | |||
17/03/2020
|
19,200
|
Others
|
Direct Interest
|
|
Name of registered holder | Benjamin Teo Jong Hian | |||
Description of "Others" Type of Transaction | Vesting of shares | |||
Consideration (if any) | 0 |
Circumstances by reason of which change has occurred | Acceptance of up to 352,700 Paramount Shares, comprising 100,300 restricted shares (RS) and up to 252,400 performance-based shares (PS), awarded on 13 March 2020 (2020 Grant) under the Long Term Incentive Plan (LTIP) of Paramount Corporation Berhad. The RS will be vested one-third annually over a period of three years from the date of the grant whilst vesting of the PS, at the end of the three-year period, will be contingent upon the achievement of the performance targets set by the LTIP Committee. Second vesting of 19,200 RS granted on 11 June 2018 (2018 RS Grant) pursuant to the LTIP. First vesting of 19,200 RS granted on 13 March 2019 (2019 RS Grant) pursuant to the LTIP. |
Nature of interest | Direct and Indirect Interest |
Total no of securities after change |
|
Direct (units) | 957,080 |
Direct (%) | 0.156 |
Indirect/deemed interest (units) | 695,800 |
Indirect/deemed interest (%) | 0.113 |
Date of notice | 17/03/2020 |
Date notice received by Listed Issuer | 17/03/2020 |
Remarks : |
Remarks : Breakdown on the number of Paramount Shares held by Mr Teo: Direct Interest: (1) 957,080 ordinary shares in the Company. Indirect Interest: (1) 19,300 restricted shares (RS) and up to 146,600 performance-based shares (PS) under the 2018 Long Term Incentive Plan (LTIP) Grant awarded on 11 June 2018; (2) 38,400 RS and up to 138,800 PS under the 2019 LTIP Grant awarded on 13 March 2019; and (3) 100,300 RS and up to 252,400 PS under the 2020 LTIP Grant awarded on 13 March 2020. This announcement also serves as a notification pursuant to paragraph 14.09 of the Main Market Listing Requirements. |
Announcement Info
Company Name | PARAMOUNT CORPORATION BERHAD |
Stock Name | PARAMON |
Date Announced | 17 Mar 2020 |
Category | Changes in Director's Interest Pursuant to Section 219 of CA 2016 |
Reference Number | CS4-17032020-00014 |