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Holding(s) in Company

14 Feb 2019 08:08

RNS Number : 0005Q
Myanmar Strategic Holdings Ltd
14 February 2019
 

14 February 2019

 

Myanmar Strategic Holdings Ltd.

("MSH" or the "Company" or the "Group")

 

Holdings in Company

 

 

Myanmar Strategic Holdings (LSE: SHWE), an independent developer and manager of consumer businesses located in Myanmar, announces that MACAN Pte. Ltd ("MACAN"), the Group's largest shareholder owning 860,000 ordinary shares in MSH representing 34.7% of the current issued share capital of MSH, has earlier today completed a successful capital raise (the "MACAN Capital Raise").

 

The MACAN Capital Raise, which is unconnected to MSH's activities, has resulted in certain MSH shareholders having revised beneficial interests in the ordinary share capital of the Company as a consequence of their revised interests in MACAN.

 

Direct and indirect holdings in the Company prior to the MACAN Capital Raise

Direct and indirect holdings in the Company post the MACAN Capital Raise

SEVIAN s.r.l.*

21.3%

 21.0%

Stefano Buono**

2.2%

9.2%

Enrico Cesenni (Chief Executive Officer of MSH)***

14.7%

9.1%

Giovanni Govi****

5.7%

4.7%

 

* SEVIAN s.r.l. holds directly 100,000 shares in the Company, representing 4.0% of the issued share capital of the Company and holds an economic interest of 48.9% in MACAN following completion of the MACAN Capital Raise.

** Stefano Buono holds directly 54,143 shares in the Company, representing 2.2% of the issued share capital of the Company and holds an economic interest of 20.2% in MACAN following completion of the MACAN Capital Raise.

*** Enrico Cesenni's interest in the Company is held through MACAN as he holds an economic interest of 26.1% in MACAN following completion of the MACAN Capital Raise.

**** Giovanni Govi holds directly 74,463 shares in the Company, representing 3.0% of the issued share capital of the company and holds an economic interest of 4.9% in MACAN following completion of the MACAN Capital Raise.

 

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)

Felicity Winkles

Henry Wilkinson

+44 (0) 7769 325254

 

 

Notes to editors

 

Myanmar Strategic Holdings Ltd.

 

Myanmar Strategic Holdings Ltd. is an independent developer and manager of consumer 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.

Hospitality sector: through its portfolio, the Company currently manages over 470 beds across four boutique hotels in three 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 was opened in August 2018. As of July 2018, Wall Street English Myanmar served over 1,500 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 also operates 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, risk management and secure logistics services, including cash-in-transit. Founded in 2013, EXERA employs approximately 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. 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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