1 Feb 2021 09:31
This announcement contains inside information 1 February 2021
Myanmar Investments International Limited
Development in Myanmar
Myanmar Investments International Limited [AIM: MIL] ("MIL" or the "Company"), the AIM-quoted Myanmar focused investment company, today announces that this morning Myanmar's military have detained Aung San Suu Kyi, the leader of the National League for Democracy and have consequently declared a one-year state of emergency.
Communications in country had been affected but appear to be resuming.
We are closely monitoring the situation and will inform MIL shareholders as events unfold.
MIL shares and warrants were temporarily suspended at the Company's request at 8 am today and will remain suspended until such time there is clarity on the events in Myanmar and their impact on the Company.
For further information please contact:
Nick Paris Michael Rudolf
Managing Director Myanmar Investments International Limited +95 (0) 1 387 947 nickparis@myanmarinvestments.com Nominated Adviser Philip Secrett / Jamie Barklem / Seamus Fricker Grant Thornton UK LLP +44 (0) 20 7383 5100 | CFO Myanmar Investments International Limited +95 (0) 1 387 947 michaelrudolf@myanmarinvestments.com Broker William Marle / Giles Rolls finnCap Ltd +44 (0) 20 7220 0500 |
For more information about MIL, please visit www.myanmarinvestments.com
Notes to Editors
Myanmar Investments International Limited (AIM: MIL) was the first Myanmar-focused investment company to be admitted to trading on the AIM market of the London Stock Exchange. MIL was established in 2013 with the intention of building long-term shareholder value by proactively investing in a diversified portfolio of Myanmar businesses that will benefit from the country's re-emergence and ongoing economic development. The Company is led by an experienced and entrepreneurial team who between them have considerable industrial, corporate and financial management experience. At the Annual General Meeting on 24 October 2019, the Company's shareholders approved a change in the investment policy of the Company to now seek to harvest the Company's investments over time.