Myanmar Investments Intl Ltd Development in Myanmar (0819O)
February 05 2021 - 1:00AM
UK Regulatory
TIDMMIL
RNS Number : 0819O
Myanmar Investments Intl Ltd
05 February 2021
The information contained within this announcement is deemed to
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Regulations (EU) No. 596/2014 which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018. Upon the publication of
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5 February 2021
Myanmar Investments International Limited
Development in Myanmar
Myanmar Investments International Limited [AIM: MIL] ("MIL" or
the "Company"), the AIM-quoted Myanmar focused investment company,
announces that further to its announcement of 1 February 2021,
trading in the Company's ordinary shares and warrants on AIM will
be restored at 7.30 a.m. today .
There is limited news on the evolving political situation in
Myanmar. To date, some new cabinet ministers have been appointed
and banks and most communications systems are operating including
internet access. The Company's two investments in the microfinance
sector and mobile phone communication towers have so far not been
directly affected by the recent events however it is too early to
forecast the future impact on these investments. The Company is
closely monitoring the situation and will provide shareholders with
further updates in any new developments as they become
available.
The Company would encourage investors to always assess the
veracity of media commentary on the evolving political situation in
Myanmar.
For further information please contact:
Nick Paris Michael Rudolf
Managing Director CFO
Myanmar Investments International Myanmar Investments International
Limited +95 (0) 1 387 947 Limited +95 (0) 1 387 947
nickparis@myanmarinvestments.com michaelrudolf@myanmarinvestments.com
Nominated Adviser Broker
Philip Secrett / Jamie Barklem William Marle / Giles Rolls
/ Seamus Fricker finnCap Ltd
Grant Thornton UK LLP +44 (0) 20 7220 0500
+44 (0) 20 7383 5100
For more information about MIL, please visit
www.myanmarinvestments.com
Notes to Editors
Myanmar Investments International Limited (AIM: MIL) was the
first Myanmar-focused investment company to be admitted to trading
on the AIM market of the London Stock Exchange. MIL was established
in 2013 with the intention of building long-term shareholder value
by proactively investing in a diversified portfolio of Myanmar
businesses that will benefit from the country's re-emergence and
ongoing economic development. The Company is led by an experienced
and entrepreneurial team who between them have considerable
industrial, corporate and financial management experience. At the
Annual General Meeting on 24 October 2019, the Company's
shareholders approved a change in the investment policy of the
Company to now seek to harvest the Company's investments over
time.
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END
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