17 Oct 2018 16:12
17 October 2018
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company" or the "Group)
Grant of Options
Myanmar Strategic Holdings Ltd. (LSE: SHWE), the independent developer and manager of consumer businesses located in Myanmar, one of the fastest growing economies in the world, announces that on 17 October 2018 the Company granted options over a total of 72,000 ordinary shares of no par value to employees of the Group under the Company's existing share option plan. A total of 41,000 of the share options (representing 1.7% of the Company's issued share capital) were granted to certain directors and PDMRs of the Company as follows:
Director / PDMR | Options granted |
Enrico Cesenni, Chief Executive Officer | 6,000 |
Dennis Yeo Ting Teck, Chief Financial Officer | 10,000 |
U Aung Myo Thein, Partner | 15,000 |
Jonathan Geoffrey Kolb, Partner | 10,000 |
All options are exercisable at a price of US$11 in accordance with the conditions of the share option plan.
Including this grant, total options granted to date (net of any options lapsed) amount to 150,000.
Further information is set out in the PDMR disclosure tables below.
For more information please visit www.ms-holdings.com or contact:
Myanmar Strategic Holdings Ltd. Enrico Cesenni, Founder and CEO |
enrico@ms-holdings.com
|
Allenby Capital Limited (Broker) Nick Athanas Nick Naylor Nicholas Chambers
| +44 (0)20 3328 5656
|
Yellow Jersey PR (Financial PR) Georgia Colkin Joe Burgess Henry Wilkinson | +44 (0) 7769 325254
|
Myanmar Strategic Holdings Ltd.
Myanmar Strategic Holdings Ltd. is an independent developer and manager of consumer-focused businesses located in Myanmar, one of the fastest growing economies in the world. The Company's portfolio currently focuses on Hospitality, Education and Services with the view to expand within the broader consumer sector in Myanmar as it grows.
Hospitality sector: through its portfolio the Company currently manages over 470 beds across 4 boutique hotels in 3 core tourist locations across Myanmar, operating under the award winning Ostello Bello budget hospitality brand. MSH operates an asset light strategy, entering into long-term operating and management agreements with local hotel owners.
Education sector: the Company currently has exclusive development and franchising agreements with Wall Street English for ten English language centres across Myanmar over the course of the ten-year agreement. Two centres were opened in 2017 and a third opened in August 2018. As at July 2018, they served over 1,200 students. Through the franchise MSH also partnered with the Directorate of Company Administration in Myanmar to provide English language courses to its civil servants.
The Company has a joint venture with Auston Institute of Management to develop and operate the Auston College Myanmar. The private school opened in May 2018 offering diplomas in Engineering Technology, Construction Project Management and Networking, Information Systems, and Security. English language learning is also provided by the Company's nearby Wall Street English centre.
Services sector: through its recent acquisition of EXERA, the Company now offers security, cash in transit and risk management services. Founded in 2013, EXERA employs approx. 1,100 guards making it one of the largest security services providers in Myanmar.
Myanmar was one of the fastest growing economies in Asia in 2017 (Source: Asian Development Bank). In 2018, its annual GDP growth is expected to be about 7% (Source: Asian Development Bank), making it one of the fastest growing economies in the world.
MSH is well positioned to provide investors early exposure to Myanmar's strong economic fundamentals enhanced by ASEAN's wider growth prospects.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Enrico Cesenni
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Myanmar Strategic Holdings Limited | |||
b)
| LEI
| 213800V5GJPLFU4F6636 | |||
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 | Ordinary shares of no par value each | |||
Identification code | Identification code (ISIN) for Myanmar Strategic Holdings Limited ordinary shares: SG9999015747
| ||||
b)
| Nature of the transaction
| Grant of options | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| US$11 | 6,000 |
| ||
|
|
|
| ||
d)
| Aggregated information | n/a | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 17 October 2018 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Dennis Yeo Ting Teck
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Financial Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Myanmar Strategic Holdings Limited | |||
b)
| LEI
| 213800V5GJPLFU4F6636 | |||
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 | Ordinary shares of no par value each | |||
Identification code | Identification code (ISIN) for Myanmar Strategic Holdings Limited ordinary shares: SG9999015747
| ||||
b)
| Nature of the transaction
| Grant of options | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| US$11 | 10,000 |
| ||
|
|
|
| ||
d)
| Aggregated information | n/a | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 17 October 2018 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| U Aung Myo Thein
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Partner (non-board position) | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Myanmar Strategic Holdings Limited | |||
b)
| LEI
| 213800V5GJPLFU4F6636 | |||
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 | Ordinary shares of no par value each | |||
Identification code | Identification code (ISIN) for Myanmar Strategic Holdings Limited ordinary shares: SG9999015747
| ||||
b)
| Nature of the transaction
| Grant of options | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| US$11 | 15,000 |
| ||
|
|
|
| ||
d)
| Aggregated information | n/a | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 17 October 2018 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Jonathan Geoffrey Kolb | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Partner (non-board position) | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Myanmar Strategic Holdings Limited | |||
b)
| LEI
| 213800V5GJPLFU4F6636 | |||
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 | Ordinary shares of no par value each | |||
Identification code | Identification code (ISIN) for Myanmar Strategic Holdings Limited ordinary shares: SG9999015747
| ||||
b)
| Nature of the transaction
| Grant of options | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| US$11 | 10,000 |
| ||
|
|
|
| ||
d)
| Aggregated information | n/a | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 17 October 2018 | |||
f)
| Place of the transaction
| Outside a trading venue | |||