TIDMMIL

RNS Number : 0819O

Myanmar Investments Intl Ltd

05 February 2021

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUSVWRAUUURAR

(END) Dow Jones Newswires

February 05, 2021 02:00 ET (07:00 GMT)

Myanmar Investments (LSE:MIL)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Myanmar Investments Charts.
Myanmar Investments (LSE:MIL)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Myanmar Investments Charts.