TIDMASIA
RNS Number : 9856Q
Asia Strategic Holdings Limited
01 July 2022
1 July 2022
Asia Strategic Holdings Ltd.
("Asia Strategic" or the "Company")
Grant of Options
Asia Strategic Holdings Ltd. (LSE: ASIA), the independent
developer and manager of consumer businesses located in emerging
Asia, announces that on 1 July 2022 the Company granted options
over a total of 135,000 ordinary shares of no par value to
employees of the Group under the Company's 2022 employee share
option plan ("2022 ESOP").
The 135,000 share options (representing 4.6% of the Company's
issued share capital) were granted to certain PDMRs of the Company
as follows:
PDMR Options granted
Enrico Cesenni, Chief Executive Officer
(board position) 45,000
Jonathan Geoffrey Kolb, Chief Financial
Officer (board position) 45,000
Alain Thibault, Chief Operating Officer
(non-board position) 45,000
All options are exercisable at a price of US$11 in accordance
with the conditions of the 2022 ESOP and subject to the following
time vesting conditions:
-- First anniversary from grant date: 40% of the option.
-- Second anniversary from grant date: Further 40% of the option.
-- Third anniversary from grant date: Further 20% of the option.
Including this grant, total options granted to date (net of any
options lapsed) amount to 328,500 equating to 11.2 per cent of the
Company's current issued share capital.
For more information, please visit www.asia-strategic.com or
contact:
Asia Strategic Holdings Ltd.
Richard Greer, Independent Non-Executive richard@asia-strategic.com
Chairman enrico@asia-strategic.com
Enrico Cesenni (OSI), Founder and Chief
Executive Officer
Allenby Capital Limited (Broker)
Nick Athanas
Nick Naylor
Freddie Wooding +44 (0)20 3328 5656
Yellow Jersey PR (Financial PR)
Henry Wilkinson +44 (0) 7951 402 336
Notes to editors
Asia Strategic Holdings Ltd.
Asia Strategic Holdings Ltd. (LSE: ASIA) is an independent
developer and operator of consumer businesses in emerging Asia. The
Company's portfolio focuses on Education and Services with the view
to expand within the broader consumer sector and is located in
Vietnam and Myanmar, two of the fastest growing economies in the
world over the last decade.
Education sector: the Company currently has exclusive
development and franchising agreements with Wall Street English for
up to ten English language centres across Myanmar. Two centres were
opened in 2017, a third in August 2018, and a fourth in February
2020. As of March 2022, Wall Street English Myanmar served over
1,800 students.
In July 2020, the Company completed the acquisition of the Wall
Street English business in Vietnam. Founded in 2013, the WSE
Vietnam business operates through seven centres in Ho Chi Minh and
Binh Dhuong serving ca. 2,500 students.
The Company also operates a joint venture with Auston Institute
of Management to develop and operate the Auston College Myanmar.
The private school opened in May 2018 offering diplomas in
Engineering Technology, Mechanical Engineering and Networking,
Information Systems, and Security. English language learning is
also provided by the Company's nearby Wall Street English centre.
In February 2020, the Company announced a partnership with
Liverpool John Moores University to provide high quality
engineering training programmes for young, working professionals in
Myanmar, to be taught by Auston College Myanmar's teaching staff at
its Junction Square complex in Yangon.
In August 2019 the Company launched its first private K-12
international school, the Yangon American International School
("Yangon American") in Yangon. In July 2021 Yangon American was
recognised as an official International Baccalaureate Primary Years
Programme ("IB PYP") school by the International Baccalaureate
Organization.
In April 2022, the Company entered into an exclusive franchising
agreement with Kids&Us for the development of English language
schools for children across Myanmar. The first two centres shall be
opened in Yangon by June 2023.
Services sector: through its acquisition of EXERA, the Company
offers security, risk management and secure logistics services,
including cash-in-transit. Founded in 2013, EXERA employs
approximately 1,500 well-trained and high-quality security officers
making it one of the largest security services providers in
Myanmar.
Furthermore, the Company provides hospitality services, managing
over 282 beds across four boutique hotels in three core tourist
locations in Myanmar, operating under the award winning Ostello
Bello budget hospitality brand. The Company operates an asset light
strategy, entering into long-term operating and management
agreements with local hotel owners.
Vietnam and Myanmar were among the fastest growing economies in
Asia in 2017-2020 (Source: Asian Development Bank). In 2022,
Vietnam's annual GDP growth is expected to be 6.5% (Source: Asian
Development Bank).
The Company is well positioned to provide investors early
exposure to Vietnam's and Myanmar's strong economic fundamentals
enhanced by ASEAN's wider growth prospects.
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The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation.
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Enrico Cesenni
--------------------------------------- -----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer (board position)
--------------------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a) Name A sia Strategic Holdings Limited
--------------------------------------- -----------------------------------------------
b) LEI 213800V5GJPLFU4F6636
--------------------------------------- -----------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------------------
a) Description of the Ordinary shares of no par value each
financial instrument,
type of instrument
Identification code Identification code (ISIN) for A
sia Strategic Holdings Limited ordinary
shares: SG9999015747
b) Nature of the transaction Grant of options
--------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
--------------------- ---------------------
Price(s) Volume(s)
--------------------- ---------------------
US$11 45,000
------------------------------------------------------------------ ---------------------
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 1 July 2022
--------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jonathan Geoffrey Kolb
--------------------------------------- -----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer (board position)
--------------------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a) Name A sia Strategic Holdings Limited
--------------------------------------- -----------------------------------------------
b) LEI 213800V5GJPLFU4F6636
--------------------------------------- -----------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------------------
a) Description of the Ordinary shares of no par value each
financial instrument,
type of instrument
Identification code Identification code (ISIN) for A
sia Strategic Holdings Limited ordinary
shares: SG9999015747
b) Nature of the transaction Grant of options
--------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
--------------------- ---------------------
Price(s) Volume(s)
--------------------- ---------------------
US$11 45,000
------------------------------------------------------------------ ---------------------
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 1 July 2022
--------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alain Thibault
--------------------------------------- -----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer (non-board
position)
--------------------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a) Name A sia Strategic Holdings Limited
--------------------------------------- -----------------------------------------------
b) LEI 213800V5GJPLFU4F6636
--------------------------------------- -----------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------------------
a) Description of the Ordinary shares of no par value each
financial instrument,
type of instrument
Identification code Identification code (ISIN) for A
sia Strategic Holdings Limited ordinary
shares: SG9999015747
b) Nature of the transaction Grant of options
--------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
--------------------- ---------------------
Price(s) Volume(s)
--------------------- ---------------------
US$11 45,000
------------------------------------------------------------------ ---------------------
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 1 July 2022
--------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- -----------------------------------------------
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END
DSHDFLBBLDLBBBZ
(END) Dow Jones Newswires
July 01, 2022 03:08 ET (07:08 GMT)
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