25 Sep 2014 16:15
25 September 2014
Myanmar Investments International Limited
Grant of Employee Share Options
Myanmar Investments International Limited (the "Company"), an AIM-traded, investment company focussing on investing in Myanmar, announces that it has today granted 149,261 share options over the Company's ordinary shares ("Share Options").
Of these 62,000 have been granted to Aung Htun, the Company's Managing Director and 58,000 have been granted to Michael Dean, the Company's Finance Director.
The balance of 29,261 have been granted to staff and a consultant.
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. The Share Options have an exercise price of US$1.10 per ordinary share and 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 the grant of these Share Options, Aung Htun and Michael Dean's interests in equity and equity related instruments of the Company are as follows:
Share Options | Ordinary Shares | Warrants | |
Aung Htun | 242,000 | 325,000 | 75,000 |
Michael Dean | 198,000 | 175,000 | 50,000 |
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 / Melanie Frean/ Jamie Barklem Grant Thornton UK LLP +44 20 7383 5100 |
Broker Nick Naylor/ Chris Crawford Allenby Capital Limited +44 20 3328 5656 |
Notes to Editors:
Myanmar Investments is the first Myanmar focused investment company to be admitted to trading in London and has been established for the purpose of investing in businesses operating in or with business exposure to Myanmar. The Company will target businesses operating in sectors that the Directors believe have strong growth potential and thereby can be expected to provide attractive yields, capital gains or both. In addition to investing into local businesses the Company will also partner with foreign companies investing in Myanmar.
In August 2014 the Company made its first investment in a microfinance joint venture company as detailed in its announcements on 26 and 31 August 2014.
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 and has been the subject of sanctions imposed on it by the EU and the US, amongst others.
The Company's primary objective is to build capital value over the long term by making investments in a diversified portfolio of Myanmar businesses that will benefit from Myanmar's re-emergence.
For more information about MIL, please visit www.myanmarinvestments.com
MIL.L (MIL)