Myanmar Investments Intl Ltd Grant of options (0513N)

TIDMMIL

RNS Number : 0513N

Myanmar Investments Intl Ltd

20 October 2016

20 October 2016

Myanmar Investments International Limited

Grant of Employee Share Options

Myanmar Investments International Limited (AIM: MIL), the AIM-quoted Myanmar focused investment company, today announces that it has granted 591,267 share options over the Company's ordinary shares ("Share Options").

Share Options have been granted as follows:

 
                                       Share Options Granted 
                                ---------------------------------- 
                                    Series      Series      Series 
                                         1           2           3 
                     Pre-Grant    Exercise    Exercise    Exercise   Post-Grant 
                         Share      Price:      Price:      Price:        Share 
                       Options      $1.100      $1.155      $1.265      Options 
 William 
  Knight               120,000           -           -      37,005      157,005 
 Aung Htun             742,000           -           -     157,626      899,626 
 Michael 
  Dean                 658,000           -           -     157,626      815,626 
 Craig Martin          130,000           -           -      37,005      167,005 
 Chris Appleton        140,000           -           -      37,005      177,005 
 Henrik Bodenstab            -                              35,000       35,000 
------------------  ----------  ----------  ----------  ----------  ----------- 
 Employees             294,761       6,800       6,000     117,200      424,761 
------------------  ----------  ----------  ----------  ----------  ----------- 
 Total               2,084,761       6,800       6,000     578,467    2,676,028 
------------------  ----------  ----------  ----------  ----------  ----------- 
 

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 and Annual Report.

These Share Options 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 this grant, the balance of share options that are available for grant is 328,600.

For further information please contact:

 
Aung Htun                           Michael Dean 
 Managing Director                   Finance Director 
 Myanmar Investments International   Myanmar Investments International 
 Ltd                                 Ltd 
 [phone]                     [phone] 
 [phone]                    [phone] 
 [e-mail]     [e-mail] 
 Nominated Adviser                   Broker 
  Philip Secrett / Jamie              Andrew Pinder / David 
  Barklem/                            Herring 
  Carolyn Sansom                      Alistair Roberts (Hong 
  Grant Thornton UK LLP               Kong) 
  [phone]                    Investec Bank plc 
                                      [phone] 
 

Notes to Editors:

Myanmar Investments International Limited ("MIL") is the first Myanmar-focused investment company to be admitted to trading on the AIM market of the London Stock Exchange. It was established in 2013 to act as a conduit for overseas investors to invest in businesses led by dynamic and visionary Myanmar entrepreneurs and foreign companies investing in the country. MIL is led by co-founders Aung Htun and Mike Dean, private equity professionals and entrepreneurs with a strong regional track record of investment and profitable exits in SE Asia.

MIL aims to identify investments with strong growth which if necessary can be "de-risked" through the introduction of experienced senior line-management, mentors and/or strategic partners sourced by its Founders. Key sectors are those experiencing acute supply vs. demand imbalances, such as consumer and other capacity-constrained sectors.

To date, MIL has invested in Apollo Towers, a top 3 telecom towers company with 1,800 towers, and MFIL, a top 10 microfinance company whose loan book has grown over 400% since investment. With its strong proprietary investment pipeline of deals, MIL provides investors with a highly disciplined and conservative investment process into one of the most promising growth opportunities of this era.

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.

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.

In June 2016 the Financial Action Task Force ("FATF") noted Myanmar's significant progress in addressing strategic anti-money laundering deficiencies and as such the country is no longer subject to FATF monitoring.

In October 2016 the United States government lifted all remaining sanctions against Myanmar and re-admitted the country into its preferred tariff system.

For more information about MIL, please visit www.myanmarinvestments.com

This information is provided by RNS

The company news service from the London Stock Exchange

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October 20, 2016 03:38 ET (07:38 GMT)