PARAMON

1.180

+0.03 (+2.6%)

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