5 Jan 2022 07:00
5 January 2022
Myanmar Investments International LimitedFinal Warrant Exercise and Cancellation of Warrants
Myanmar Investments International Limited [AIM: MIL] ("MIL" or the "Company"), the AIM-quoted Myanmar focused investment company, announces that as at 31 December 2021 no warrants had been exercised in the final window for warrant holders to exercise all or any of their warrants (the "Exercise Window"). As announced on 1 December 2021, following the closing of the Exercise Window, all unexercised warrants expired and admission of the remaining warrants to trading on AIM was cancelled from 7:00 a.m. on 4 January 2022. The terms applicable to the Exercise Window reflect the terms of the Amended and Restated Warrant Instrument adopted on 21 May 2018 (the "Warrant Instrument"), a copy of which can be found on the Company's website at http://myanmarinvestments.com/shares-warrants-and-esops/.
Cancellation of Warrants
Pursuant to the Warrant Instrument any warrant not exercised by 31 December 2021 has lapsed and ceased to be valid for any purpose and has been cancelled.
For further information please contact:
Nick Paris Managing Director Myanmar Investments International Ltd +95 (0) 1 387 947 nickparis@myanmarinvestments.com | Michael Rudolf Chief Financial Officer Myanmar Investments International Ltd +95 (0) 1 387 947 michaelrudolf@myanmarinvestments.com |
Nominated Adviser Philip Secrett / George Grainger Grant Thornton UK LLP +44 (0) 20 7383 5100 |
Broker William Marle 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.