20 Oct 2016 08:38
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:
Pre-Grant Share Options | Share Options Granted | Post-Grant Share Options | |||
Series 1 Exercise Price: $1.100 | Series 2 Exercise Price: $1.155 | Series 3 Exercise Price: $1.265 | |||
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 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