Myanmar Investments Intl Ltd Directorate Change (3891Y)

TIDMMIL

RNS Number : 3891Y

Myanmar Investments Intl Ltd

17 May 2016

17 May 2016

Myanmar Investments International Limited

(the "Company")

Directorate Change

Myanmar Investments International Limited, the AIM-traded investment company focussing on investing in Myanmar, is pleased to announce the appointment of Henrik Bodenstab as an independent Non-Executive Director to the board of the Company, with immediate effect.

Henrik Onne Bodenstab, aged 47, is currently a partner of Trilantic Europe which he joined in April 2011. Prior to this Henrik was managing partner at the Wunsche Group of companies in Hamburg, a diversified group of companies focusing on international trade and shipping. Henrik was founder and Managing Director of Globaltronics, (part of the Wunsche Group) which developed consumer electronic products, including white and brown goods. Prior to that, Henrik worked as a case leader at The Boston Consulting Group, covering financial services, wholesale, construction and real estate.

Over the past 20 years Henrik Bodenstab has gained broad experience by living and working extensively in Asia, the US as well as in Europe. Henrik is Chairman of the Board of Meridian 10 Holding AG, is on the Advisory Board of Prettl SWH GmbH and a Director of Hansabay Pte Ltd, a shareholder of the Company. Henrik holds a BA in Economics and Political Science from the University of Michigan as well as an MBA from the Harvard Business School.

William Knight, Chairman of the Company, said "We are delighted that Henrik has agreed to join us as an independent non-executive director on MIL's Board complementing our existing strength and bringing to it an added dimension through his business background, connections and experience."

The following is the information required by Schedule 2 (g) of the AIM Rules for Companies.

 
 Current Directorships          Directorships and 
  and Partnerships               Partnerships held 
                                 in the last 5 years 
-----------------------------  ------------------------------- 
 SWH International Holding      Hanseatic Europe S.à.r.l. 
  GmbH 
-----------------------------  ------------------------------- 
 Hansabay Pte Ltd 
-----------------------------  ------------------------------- 
 Harbor Springs Verwaltungs 
  GmbH 
-----------------------------  ------------------------------- 
 Meridian 10 Holding 
  AG 
-----------------------------  ------------------------------- 
 Prettl SWH 
-----------------------------  ------------------------------- 
 Trilantic Capital Management 
  LLC 
-----------------------------  ------------------------------- 
 

Henrik has the following interest in the Company:

 
 Ordinary   Warrants   Percentage         Percentage 
  Shares                of total issued    of total issued 
                        share capital      share capital 
                        in respect         in respect 
                        of the ordinary    of the Warrants 
                        shares (%)         (%) 
---------  ---------  -----------------  ----------------- 
 543,477    181,159    1.99               1.19 
---------  ---------  -----------------  ----------------- 
 

For further information please contact:

 
 Myanmar Investments International 
  Limited 
 Aung Htun, Managing Director        [phone] 
                                     [phone] 
                                     [e-mail] 
 Michael Dean, Finance               [phone] 
  Director                           [phone] 
                                     [e-mail] 
 
 
 
 Investec Bank plc (Corporate 
  Broker)                        [phone] 
 Andrew Pinder 
 Josh Levy 
  Alistair Roberts (Hong 
  Kong) 
 
 
 Grant Thornton UK LLP 
  (NOMAD)                 [phone] 
 Philip Secrett 
  Jamie Barklem 
  Carolyn Sansom 
 

Notes to Editors:

Myanmar Investments International Limited (the "Company") 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 August and 1 September 2014, and on 16 November 2015 it was announced that Norfund became a 25% shareholder in the venture.

On 31 July 2015 the Company announced its investment in Apollo Towers Pte Ltd, a telecommunication tower company.

Since its Admission in June 2013, when the Company raised US$6.1 million, it has since raised a further US$23.7 million.

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.

Myanmar, a country of approximately 51.4 million people, 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 vast majority of these sanctions have been lifted over the last few years as Myanmar has re-joined the international diplomatic community.

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.

Further information can be obtained from the Company's website: www.myanmarinvestments.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 17, 2016 02:01 ET (06:01 GMT)