| Company Name | : | FAVELLE FAVCO BERHAD |
| Stock Name | : | FAVCO |
| Date Announced | : | 17 Mar 2022 |
| Category | : | Changes in Director's Interest Pursuant to Section 219 of CA 2016 |
| Reference Number | : | CS4-17032022-00002 |
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 |
14/03/2022 |
1,200,000 |
Others |
Indirect Interest |
| Name of registered holder | Mac Chung Hui | |||
| Description of "Others" Type of Transaction | Exercise of options | |||
| Consideration (if any) | RM2.35 each | |||
| 2 |
14/03/2022 |
250,000 |
Acquired |
Deemed Interest |
| Name of registered holder | Muhibbah Engineering (M) Bhd | |||
| Description of "Others" Type of Transaction | ||||
| Consideration (if any) | RM664,797.00 | |||
| 3 |
15/03/2022 |
307,000 |
Acquired |
Deemed Interest |
| Name of registered holder | Muhibbah Engineering (M) Bhd | |||
| Description of "Others" Type of Transaction | ||||
| Consideration (if any) | RM811,766.00 | |||
| 4 |
16/03/2022 |
92,200 |
Acquired |
Deemed Interest |
| Name of registered holder | Muhibbah Engineering (M) Bhd | |||
| Description of "Others" Type of Transaction | ||||
| Consideration (if any) | RM244,901.00 | |||
| Circumstances by reason of which change has occurred | Acquisitions of Favelle Favco Berhad's Shares by Muhibbah Engineering (M) Bhd from the open market and Exercise of options under the share issuance scheme by his son. |
| Nature of interest | Indirect Interest |
Total no of securities after change |
|
| Direct (units) | 10,842,913 |
| Direct (%) | 4.778 |
| Indirect/deemed interest (units) | 144,205,343 |
| Indirect/deemed interest (%) | 63.541 |
| Date of notice | 17/03/2022 |
| Date notice received by Listed Issuer | 17/03/2022 |
Remarks :
This announcement also serves as a notification pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The above exercise of 1,200,000 options under Share Issuance Scheme represents 0.529% of the total number of issued share capital of the Company. The above acquisitions of 649,200 shares in the open market by Muhibbah Engineering (M) Bhd represents 0.286% of the total number of issued share capital of the Company.