Stake changes: Stamford Land CEO Ow converts rights shares

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Singapore substantial shareholder changes: Stamford Land.

Stamford Land’s Executive Director and CEO Ow Yew Heng received 10.68 million shares of the company at S$0.34 each after converting rights shares on 16 February, taking his interest to 20.68 million shares, or a 1.392 percent stake, up from 1.279 percent previously, according to a filing to SGX Thursday.

The company’s Executive Chairman Ow Chio Kiat received interest in 350.09 million Stamford Land shares at S$0.34 each after converting rights shares on 16 February, taking his total interest to 45.713 percent from 42.083 percent previously, according to a separate filing to SGX Thursday.

Kiersten Ow Yiling

Kiersten Ow Yiling received 81.36 million shares of Stamford Land at S$0.34 each on 16 February on the conversion/exercise of rights, options, warrants or other convertibles, boosting her total shares held to 132.83 million, or an 8.941 percent stake, up from 6.582 percent previously, according to a filing to SGX Thursday.

In a separate transaction, she acquired 4.0 million shares in the market on 16 February for S$0.38582 each, taking her total interest to 9.21 percent, the filing said.

Kiersten Ow Yiling is the daughter of Executive Chairman Ow Chio Kiat and the sister of Executive Director and CEO Ow Yew Heng; she is an employee of the Group and she was paid S$100,000 to S$150,000 in remuneration during FY2021, according to Stamford Land’s 2020-21 annual report.

Lim Teck Chai Danny

Lim Teck Chai Danny, an independent non-executive director of Stamford Land, received 694,600 shares at S$0.34 each after converting rights shares on 16 February, taking his total holding to 1.45 million shares, or a 0.098 percent stake, up from 0.097 percent, according to a separate filing to SGX Thurday.