Myanmar Investments Intl Ltd Directorate Change (3891Y)
17 May 2016 - 4:01PM
UK Regulatory
TIDMMIL
RNS Number : 3891Y
Myanmar Investments Intl Ltd
17 May 2016
17 May 2016
Myanmar Investments International Limited
(the "Company")
Directorate Change
Myanmar Investments International Limited, the AIM-traded
investment company focussing on investing in Myanmar, is pleased to
announce the appointment of Henrik Bodenstab as an independent
Non-Executive Director to the board of the Company, with immediate
effect.
Henrik Onne Bodenstab, aged 47, is currently a partner of
Trilantic Europe which he joined in April 2011. Prior to this
Henrik was managing partner at the Wunsche Group of companies in
Hamburg, a diversified group of companies focusing on international
trade and shipping. Henrik was founder and Managing Director of
Globaltronics, (part of the Wunsche Group) which developed consumer
electronic products, including white and brown goods. Prior to
that, Henrik worked as a case leader at The Boston Consulting
Group, covering financial services, wholesale, construction and
real estate.
Over the past 20 years Henrik Bodenstab has gained broad
experience by living and working extensively in Asia, the US as
well as in Europe. Henrik is Chairman of the Board of Meridian 10
Holding AG, is on the Advisory Board of Prettl SWH GmbH and a
Director of Hansabay Pte Ltd, a shareholder of the Company. Henrik
holds a BA in Economics and Political Science from the University
of Michigan as well as an MBA from the Harvard Business School.
William Knight, Chairman of the Company, said "We are delighted
that Henrik has agreed to join us as an independent non-executive
director on MIL's Board complementing our existing strength and
bringing to it an added dimension through his business background,
connections and experience."
The following is the information required by Schedule 2 (g) of
the AIM Rules for Companies.
Current Directorships Directorships and
and Partnerships Partnerships held
in the last 5 years
----------------------------- -------------------------------
SWH International Holding Hanseatic Europe S.à.r.l.
GmbH
----------------------------- -------------------------------
Hansabay Pte Ltd
----------------------------- -------------------------------
Harbor Springs Verwaltungs
GmbH
----------------------------- -------------------------------
Meridian 10 Holding
AG
----------------------------- -------------------------------
Prettl SWH
----------------------------- -------------------------------
Trilantic Capital Management
LLC
----------------------------- -------------------------------
Henrik has the following interest in the Company:
Ordinary Warrants Percentage Percentage
Shares of total issued of total issued
share capital share capital
in respect in respect
of the ordinary of the Warrants
shares (%) (%)
--------- --------- ----------------- -----------------
543,477 181,159 1.99 1.19
--------- --------- ----------------- -----------------
For further information please contact:
Myanmar Investments International
Limited
Aung Htun, Managing Director +95 94 0160 0501
+66 81 836 5104
aunghtun@myanmarinvestments.com
Michael Dean, Finance +95 94 2006 4957
Director +65 82 99 98 98
mikedean@myanmarinvestments.com
Investec Bank plc (Corporate
Broker) +44 (0) 20 7597 4000
Andrew Pinder
Josh Levy
Alistair Roberts (Hong
Kong)
Grant Thornton UK LLP
(NOMAD) +44 (0) 20 7383 5100
Philip Secrett
Jamie Barklem
Carolyn Sansom
Notes to Editors:
Myanmar Investments International Limited (the "Company") is the
first Myanmar focused investment company to be admitted to trading
in London and has been established for the purpose of investing in
businesses operating in or with business exposure to Myanmar. The
Company will target businesses operating in sectors that the
Directors believe have strong growth potential and thereby can be
expected to provide attractive yields, capital gains or both. In
addition to investing into local businesses the Company will also
partner with foreign companies investing in Myanmar.
In August 2014 the Company made its first investment in a
microfinance joint venture company as detailed in its announcements
on 26 August and 1 September 2014, and on 16 November 2015 it was
announced that Norfund became a 25% shareholder in the venture.
On 31 July 2015 the Company announced its investment in Apollo
Towers Pte Ltd, a telecommunication tower company.
Since its Admission in June 2013, when the Company raised US$6.1
million, it has since raised a further US$23.7 million.
The Company's primary objective is to build capital value over
the long term by making investments in a diversified portfolio of
Myanmar businesses that will benefit from Myanmar's
re-emergence.
Myanmar, a country of approximately 51.4 million people, 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 and has been the subject of
sanctions imposed on it by the EU and the US, amongst others. The
vast majority of these sanctions have been lifted over the last few
years as Myanmar has re-joined the international diplomatic
community.
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.
Further information can be obtained from the Company's website:
www.myanmarinvestments.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 17, 2016 02:01 ET (06:01 GMT)