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Business Times - 24 Nov 2010
Conner's deemed interest in OCBC up
DAVID Conner, the chief executive officer of OCBC Bank, saw his deemed interest in the bank increase by 116,738 shares on Monday, leaving him with a total of 1,530,811 shares in which he has a deemed interest.
The additional shares consist of 19,625 shares under the OCBC Deferred Share Plan from the bank's declaration of its interim dividend for the financial year ending Dec 31, 2010.
Mr Conner is entitled to the remaining 97,113 shares under the terms of his employment contract.
His deemed interest of 1,530,811 shares accounts for 0.04082 per cent of OCBC Bank's issued share capital while his direct interest of 1,475,503 share represents 0.03935 per cent.
Based on OCBC Bank's closing share price of $9.50 yesterday, Mr Conner's deemed interest is worth about $14.54 million, while his direct interest is worth about $14 million.
Copyright © 2010 Singapore Press Holdings Ltd. All rights reserved.
Business Times - 24 Nov 2010
Conner's deemed interest in OCBC up
DAVID Conner, the chief executive officer of OCBC Bank, saw his deemed interest in the bank increase by 116,738 shares on Monday, leaving him with a total of 1,530,811 shares in which he has a deemed interest.
The additional shares consist of 19,625 shares under the OCBC Deferred Share Plan from the bank's declaration of its interim dividend for the financial year ending Dec 31, 2010.
Mr Conner is entitled to the remaining 97,113 shares under the terms of his employment contract.
His deemed interest of 1,530,811 shares accounts for 0.04082 per cent of OCBC Bank's issued share capital while his direct interest of 1,475,503 share represents 0.03935 per cent.
Based on OCBC Bank's closing share price of $9.50 yesterday, Mr Conner's deemed interest is worth about $14.54 million, while his direct interest is worth about $14 million.
Copyright © 2010 Singapore Press Holdings Ltd. All rights reserved.
