30 Apr 2018 07:00
30 April 2018
Myanmar Strategic Holdings Ltd.
("Myanmar Strategic Holdings" or the "Company" or the "Group")
Total Voting Rights
Myanmar Strategic Holdings (LSE: SHWE) ("MSH"), an independent developer and operator of consumer businesses in Myanmar, one of the fastest growing economies in the world, announces that the Company's issued share capital as at the date of this announcement comprises 2,317,133 ordinary shares of no par value, with one voting right per share ("Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. The total number of Ordinary Shares and voting rights in the Company is therefore 2,317,133.
The figure of 2,317,133 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries
Richard Greer Chairman of the Board Myanmar Strategic Holdings Ltd. | Enrico Cesenni Chief Executive Officer Myanmar Strategic Holdings Ltd. |
Broker: Allenby Capital Limited Nick Athanas / Nick Naylor / Nick Chambers +44 20 3328 5656 n.athanas@allenbycapital.com
| PR Agency: Yellow Jersey Georgia Colkin / Joe Burgess +44 (0)203 735 8825 msh@yellowjerseypr.com
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Further information can be obtained from the company's website www.ms-holdings.com
About Myanmar Strategic Holdings Ltd.
Myanmar Strategic Holdings Ltd. ("MSH") is an independent developer and operator of consumer businesses located in Myanmar, one of the fastest growing economies in the world. Initially concentrating on Hospitality and Education, the Company intends to focus on the broader consumer sector in Myanmar as it grows.
The Company's earliest investments have been in the Hospitality sector. Through its portfolio, the Company manages over 470 beds across four boutique hostels in three core tourist locations in Myanmar. The Company operates under the award winning Ostello Bello budget hospitality brand. An asset light strategy is followed, entering into long-term operating and management agreements with local hostel owners.
Within its Education division, the Company currently has exclusive development and franchising agreements with Pearson for ten Wall Street English language centres across Myanmar over the course of the ten-year agreement. Two centres in Yangon were opened in 2017, and, as of March 2018, they served over 1,000 students. The opening of a third centre in Yangon is expected by August 2018.
The Company has also signed a joint venture with Auston Institute of Management to develop and operate the Auston College Myanmar. The private school will open in May 2018 and will initially offer the following curriculum: (i) Diploma in Engineering Technology, (ii) Diploma in Construction Project Management and (iii) Diploma in Networking, Information Systems, and Security. English language learning will also be provided by the Company's nearby Wall Street English centre.
Myanmar is expected to be the fastest growing economy in Asia in 2017 (Source: Asian Development Bank). In 2018, its annual GDP growth is expected to be ~8.0% in 2018 (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.