Myanmar Investments Intl Ltd Grant of options (0513N)
20 October 2016 - 6:38PM
UK Regulatory
TIDMMIL
RNS Number : 0513N
Myanmar Investments Intl Ltd
20 October 2016
20 October 2016
Myanmar Investments International Limited
Grant of Employee Share Options
Myanmar Investments International Limited (AIM: MIL), the
AIM-quoted Myanmar focused investment company, today announces that
it has granted 591,267 share options over the Company's ordinary
shares ("Share Options").
Share Options have been granted as follows:
Share Options Granted
----------------------------------
Series Series Series
1 2 3
Pre-Grant Exercise Exercise Exercise Post-Grant
Share Price: Price: Price: Share
Options $1.100 $1.155 $1.265 Options
William
Knight 120,000 - - 37,005 157,005
Aung Htun 742,000 - - 157,626 899,626
Michael
Dean 658,000 - - 157,626 815,626
Craig Martin 130,000 - - 37,005 167,005
Chris Appleton 140,000 - - 37,005 177,005
Henrik Bodenstab - 35,000 35,000
------------------ ---------- ---------- ---------- ---------- -----------
Employees 294,761 6,800 6,000 117,200 424,761
------------------ ---------- ---------- ---------- ---------- -----------
Total 2,084,761 6,800 6,000 578,467 2,676,028
------------------ ---------- ---------- ---------- ---------- -----------
The Share Options have been granted in accordance with the terms
of the Company's Share Option plan, more details of which are set
out in the Company's Admission Document and Annual Report.
These Share Options can be exercised at any time after the first
anniversary and any time up to the tenth anniversary of the grant
of the Share Options.
Following this grant, the balance of share options that are
available for grant is 328,600.
For further information please contact:
Aung Htun Michael Dean
Managing Director Finance Director
Myanmar Investments International Myanmar Investments International
Ltd Ltd
+66 81 836 5104 +65 82 99 98 98
+95 94 0160 0501 +95 94 2006 4957
aunghtun@myanmarinvestments.com mikedean@myanmarinvestments.com
Nominated Adviser Broker
Philip Secrett / Jamie Andrew Pinder / David
Barklem/ Herring
Carolyn Sansom Alistair Roberts (Hong
Grant Thornton UK LLP Kong)
+44 20 7383 5100 Investec Bank plc
+44 (0) 20 7597 4000
Notes to Editors:
Myanmar Investments International Limited ("MIL") is the first
Myanmar-focused investment company to be admitted to trading on the
AIM market of the London Stock Exchange. It was established in 2013
to act as a conduit for overseas investors to invest in businesses
led by dynamic and visionary Myanmar entrepreneurs and foreign
companies investing in the country. MIL is led by co-founders Aung
Htun and Mike Dean, private equity professionals and entrepreneurs
with a strong regional track record of investment and profitable
exits in SE Asia.
MIL aims to identify investments with strong growth which if
necessary can be "de-risked" through the introduction of
experienced senior line-management, mentors and/or strategic
partners sourced by its Founders. Key sectors are those
experiencing acute supply vs. demand imbalances, such as consumer
and other capacity-constrained sectors.
To date, MIL has invested in Apollo Towers, a top 3 telecom
towers company with 1,800 towers, and MFIL, a top 10 microfinance
company whose loan book has grown over 400% since investment. With
its strong proprietary investment pipeline of deals, MIL provides
investors with a highly disciplined and conservative investment
process into one of the most promising growth opportunities of this
era.
Myanmar, a country of approximately 51.4 million people and
roughly the size of France, has been isolated for much of the last
50 years. Once one of the more prosperous countries in Southeast
Asia as it has an abundance of natural resources (oil, natural gas,
arable land, tourist attractions and a long coastline), it is now
one of the least developed countries in the world.
Following the general elections in Myanmar in November 2015 the
National League for Democracy, led by Daw Aung San Suu Kyi, won an
overwhelming majority of the seats and the new administration took
power on 1 April 2016.
In June 2016 the Financial Action Task Force ("FATF") noted
Myanmar's significant progress in addressing strategic anti-money
laundering deficiencies and as such the country is no longer
subject to FATF monitoring.
In October 2016 the United States government lifted all
remaining sanctions against Myanmar and re-admitted the country
into its preferred tariff system.
For more information about MIL, please visit
www.myanmarinvestments.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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