Myanmar Strategic Holdings Ltd Grant of Options (6680T)

TIDMSHWE

RNS Number : 6680T

Myanmar Strategic Holdings Ltd

21 July 2020

21 July 2020

Myanmar Strategic Holdings Ltd.

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

Grant of Options

Myanmar Strategic Holdings Ltd. (LSE: SHWE), the independent developer and manager of consumer businesses located in Myanmar and Vietnam, two of the fastest growing economies in the world, announces that on 21 July 2020 the Company granted options over a total of 61,500 ordinary shares of no par value to employees of the Group under the Company's existing share option plan.

A total of 43,500 of the share options (representing 1.6% of the Company's issued share capital) were granted to certain PDMRs of the Company as follows:

 
 PDMR                               Options granted 
 Alain Thibault, Chief Operating 
  Officer                           39,500 
 Jonathan Geoffrey Kolb, Partner    4,000 
 

All options are exercisable at a price of US$11 in accordance with the conditions of the share option plan and subject to time vesting conditions.

Including this grant, total options granted to date (net of any options lapsed) amount to 200,000 equating to 7.2 per cent of the Company's current issued share capital.

For more information please visit www.ms-holdings.com or contact:

 
 Myanmar Strategic Holdings Ltd. 
  Richard Greer, Independent Non-Executive     [e-mail] 
  Chairman                                     [e-mail] 
  Enrico Cesenni, Founder and CEO 
 Allenby Capital Limited (Broker) 
  Nick Athanas 
  Nick Naylor                                 [phone] 
 Yellow Jersey PR (Financial PR) 
  Georgia Colkin 
  Henry Wilkinson                             [phone] 
 

Notes to editors

Myanmar Strategic Holdings Ltd.

Myanmar Strategic Holdings Ltd. (LSE: SHWE ) is an independent developer and manager of consumer businesses in Myanmar and Vietnam, two of the fastest growing economies in the world. The Company's portfolio currently focuses on Education, Services and Hospitality with the view to expand within the broader consumer sector.

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, a third in August 2018, and a fourth in February 2020. As of April 2020, Wall Street English Myanmar served over 4,000 students since its inception.

In July 2020, the Company completed the acquisition of the Wall Street English business in Vietnam. Founded in 2013, the WSE Vietnam business operates through seven centres in Ho Chi Minh and Binh Dhuong serving over 6,000 students.

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, Mechanical Engineering and Networking, Information Systems, and Security. English language learning is also provided by the Company's nearby Wall Street English centre. In February 2020, the Company announced a partnership with Liverpool John Moores University to provide high quality engineering training programmes for young, working professionals in Myanmar, to be taught by Auston College Myanmar's teaching staff at its Junction Square complex in Yangon.

The Company launched its first private K-12 international school, the Yangon American International School in Yangon, in August 2019.

Services sector: through its acquisition of EXERA, the Company offers security, risk management and secure logistics services, including cash-in-transit. Founded in 2013, EXERA employs approximately 1,300 well-trained and high-quality security officers making it one of the largest security services providers 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.

Myanmar was one of the fastest growing economies in Asia in 2017-2019 (Source: Asian Development Bank). In 2020 and 2021, its annual GDP growth is expected to be respectively 2% and 6% (Source: Asian Development Bank).

MSH is well positioned to provide investors early exposure to Myanmar's strong economic fundamentals enhanced by ASEAN's wider growth prospects.

To receive news alerts on Myanmar Strategic Holdings please sign up here under the 'RNS' header:

https://ms-holdings.com/investor-relations/#

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 
       Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Jonathan Geoffrey Kolb 
      ---------------------------------------  --------------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------------- 
 a)    Position/status                          Partner (non-board position) 
      ---------------------------------------  --------------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  --------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------- 
 a)    Name                                     Myanmar Strategic Holdings Limited 
      ---------------------------------------  --------------------------------------------- 
 b)    LEI                                      213800V5GJPLFU4F6636 
      ---------------------------------------  --------------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      -------------------------------------------------------------------------------------- 
 a)    Description of the                       Ordinary shares of no par value each 
        financial instrument, 
        type of instrument 
 
       Identification code                      Identification code (ISIN) for Myanmar 
                                                 Strategic Holdings Limited ordinary 
                                                 shares: SG9999015747 
 
 b)    Nature of the transaction                Grant of options 
      ---------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  -------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  -------------------- 
    US$11                                                              4,000 
   -----------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information                   n/a 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  21 July 2020 
      ---------------------------------------  --------------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  --------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Alain Thibault 
      ---------------------------------------  --------------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Operating Officer (non-board 
                                                 position) 
      ---------------------------------------  --------------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  --------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------- 
 a)    Name                                     Myanmar Strategic Holdings Limited 
      ---------------------------------------  --------------------------------------------- 
 b)    LEI                                      213800V5GJPLFU4F6636 
      ---------------------------------------  --------------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      -------------------------------------------------------------------------------------- 
 a)    Description of the                       Ordinary shares of no par value each 
        financial instrument, 
        type of instrument 
 
       Identification code                      Identification code (ISIN) for Myanmar 
                                                 Strategic Holdings Limited ordinary 
                                                 shares: SG9999015747 
 
 b)    Nature of the transaction                Grant of options 

      ---------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  -------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  -------------------- 
    US$11                                                              39,500 
   -----------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information                   n/a 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  21 July 2020 
      ---------------------------------------  --------------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  --------------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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July 21, 2020 11:08 ET (15:08 GMT)