| Company Name | : | FAVELLE FAVCO BERHAD |
| Stock Name | : | FAVCO |
| Date Announced | : | 12 Jul 2019 |
| Category | : | Changes in Director's Interest Pursuant to Section 219 of CA 2016 |
| Reference Number | : | CS4-11072019-00012 |
Changes in Director's Interest (Section 219 of CA 2016)
FAVELLE FAVCO BERHAD
Information Compiled By KLSE
Particulars of Director
| Name | MR MAC NGAN BOON @ MAC YIN BOON |
| Descriptions(Class) | Ordinary Shares |
Details of changes
| No |
Date of change |
No of securities |
Type of transaction |
Nature of Interest |
| 1 |
10/07/2019 |
340,000 |
Acquired |
Direct Interest |
| Name of registered holder | MAC NGAN BOON @ MAC YIN BOON | |||
| Description of "Others" Type of Transaction | ||||
| Consideration (if any) | RM799,000 | |||
| 2 |
10/07/2019 |
300,000 |
Acquired |
Indirect Interest |
| Name of registered holder | MAC CHUNG HUI | |||
| Description of "Others" Type of Transaction | ||||
| Consideration (if any) | RM705,000 | |||
| Circumstances by reason of which change has occurred |
Exercise of options under the Employees' Share Option Scheme ("ESOS")
and Exercise of options under ESOS by his son.
|
| Nature of interest |
Direct and Indirect Interest
|
Total no of securities after change |
|
| Direct (units) | 9,482,913 |
| Direct (%) | 4.256 |
| Indirect/deemed interest (units) | 135,621,843 |
| Indirect/deemed interest (%) | 60.870 |
| Date of notice | 10/07/2019 |
| Date notice received by Listed Issuer | 12/07/2019 |
Remarks :
This announcement also serves as a notification pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
The above acquisition of 640,000 shares through ESOS represents 0.287% of the total number of issued share capital of the Company.