Changes in Director's Interest (Section 219 of CA 2016)
| GENETEC TECHNOLOGY BERHAD |
Information Compiled By KLSE
Particulars of Director
| Name | MR CHIN KEM WENG |
| Descriptions(Class) | Total Return Swap ("TRS") in respect of ordinary shares of the Company |
Details of changes
| No | Date of change |
No of securities |
Type of transaction |
Nature of Interest |
|
18/12/2023
|
34,800,000
|
Others
|
Deemed Interest
|
|
| Name of registered holder | AmBank (M) Berhad | |||
| Description of "Others" Type of Transaction | Entry of TRS | |||
| Consideration (if any) | Up to RM25,000,000 | |||
| Circumstances by reason of which change has occurred | Entry of TRS |
| Nature of interest | Deemed Interest |
Total no of securities after change |
|
| Direct (units) | 52,682,565 |
| Direct (%) | 6.808 |
| Indirect/deemed interest (units) | 0 |
| Indirect/deemed interest (%) | 0.000 |
| Date of notice | 20/12/2023 |
| Date notice received by Listed Issuer | 20/12/2023 |
| Remarks : |
| 1. TRS is a financial derivative product that is linked to the performance of the ordinary shares of the Company. 2. There will be no change in the Director's interests or shareholdings in the Company as a result of the Director entering into the TRS as the terms and conditions of the TRS do not contemplate for any acquisition, disposal or transfer of the ordinary shares in the Company by the Director. The total number of ordinary shares of the Company to be transacted under the TRS is up to 34,800,000 units at the total consideration up to RM25,000,000 only. |
Announcement Info
| Company Name | GENETEC TECHNOLOGY BERHAD |
| Stock Name | GENETEC |
| Date Announced | 20 Dec 2023 |
| Category | Changes in Director's Interest Pursuant to Section 219 of CA 2016 |
| Reference Number | CS4-19122023-00005 |