21 Oct 2016 16:05
21 October 2016
Myanmar Investments International Limited (the "Company")
Director/PDMR Shareholding
The information contained within this RNS is considered to be inside information prior to its release as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | William Knight | ||||
2 | Reason for the notification | |||||
a)
| Position/status | Chairman | ||||
b)
| Initial notification /Amendment | Amendment | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Myanmar Investments International Limited | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Share option
ISIN: VGG636111004 | ||||
b) | Nature of the transaction | Grant of share options | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Aggregated Price
|
N/A
| ||||
e) | Date of the transaction | 19 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Aung Htun | ||||
2 | Reason for the notification | |||||
a)
| Position/status | Managing Director | ||||
b)
| Initial notification /Amendment | Amendment | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Myanmar Investments International Limited | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Share option
ISIN: VGG636111004 | ||||
b) | Nature of the transaction | Grant of share options | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Aggregated Price
|
N/A
| ||||
e) | Date of the transaction | 19 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Michael Dean | ||||
2 | Reason for the notification | |||||
a)
| Position/status | Finance Director | ||||
b)
| Initial notification /Amendment | Amendment | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Myanmar Investments International Limited | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Share option
ISIN: VGG636111004 | ||||
b) | Nature of the transaction | Grant of share options | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Aggregated Price
|
N/A
| ||||
e) | Date of the transaction | 19 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Craig Martin | ||||
2 | Reason for the notification | |||||
a)
| Position/status | Director | ||||
b)
| Initial notification /Amendment | Amendment | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Myanmar Investments International Limited | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Share option
ISIN: VGG636111004 | ||||
b) | Nature of the transaction | Grant of share options | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Aggregated Price
|
N/A
| ||||
e) | Date of the transaction | 19 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Chris Appleton | ||||
2 | Reason for the notification | |||||
a)
| Position/status | Director | ||||
b)
| Initial notification /Amendment | Amendment | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Myanmar Investments International Limited | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Share option
ISIN: VGG636111004 | ||||
b) | Nature of the transaction | Grant of share options | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Aggregated Price
|
N/A
| ||||
e) | Date of the transaction | 19 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Henrik Bodenstab | ||||
2 | Reason for the notification | |||||
a)
| Position/status | Director | ||||
b)
| Initial notification /Amendment | Amendment | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Myanmar Investments International Limited | ||||
b) | LEI | N/A | ||||
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 financial instrument, type of instrument
Identification code | Share option
ISIN: VGG636111004 | ||||
b) | Nature of the transaction | Grant of share options | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Aggregated Price
|
N/A
| ||||
e) | Date of the transaction | 19 October 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
For further information please contact:
Aung Htun Managing Director Myanmar Investments International Ltd +66 81 836 5104 +95 94 0160 0501 aunghtun@myanmarinvestments.com | Michael Dean Finance Director Myanmar Investments International Ltd +65 82 99 98 98 +95 94 2006 4957 mikedean@myanmarinvestments.com |
Nominated Adviser Philip Secrett / Jamie Barklem/ Carolyn Sansom Grant Thornton UK LLP +44 20 7383 5100 |
Broker Andrew Pinder / David Herring Alistair Roberts (Hong Kong) 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