TIDMSHWE
RNS Number : 3644V
Myanmar Strategic Holdings Ltd
14 April 2021
14 April 2021
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company")
Issuance of Shares in lieu of bonuses and Total Voting
Rights
Myanmar Strategic Holdings Ltd. (LSE: SHWE), the independent
developer and operator of consumer businesses located in Myanmar
and Vietnam, today announces that, in lieu of cash payments, all
annual bonuses payable to the Company's senior employees and
consultants relating to the financial period ended 30 September
2020 will be satisfied entirely through the issuance of new
ordinary shares in the Company. The Company's results for the
18-month period to 30 September 2020 were published on 31 March
2021.
The Company's management acknowledges the performance and
contributions of its employees and consultants during the period.
In light of the strain on the financial resources imposed by the
Covid-19 pandemic, all annual bonuses for the period will be paid
entirely through the issuance of new shares in the Company.
Taking into consideration the recommendations of the
Remuneration Committee of the Company, the Directors propose annual
bonuses for a cumulative value of US$246,000 to be satisfied
through the issue of 41,000 new ordinary shares in the Company at a
price of US$6 per share (being the Company's closing bid price as
at 13 April 2021).
Admission and Total Voting Rights
Pursuant to the above, the Company has today issued 41,000 new
ordinary shares (the "2020 Bonus Shares") of no par value to
employees and consultants of the Group. A total of 26,000 new
ordinary shares (representing 0.9% of the Company's existing issued
share capital) were issued to certain directors and PDMRs of the
company as follows:
Director / PDMR 2020 Bonus Shares
issued
Enrico Cesenni, Chief Executive Officer 5,500
U Aung Myo Thein, Partner (non-board) 5,500
Jonathan Geoffrey Kolb, Chief Financial
Officer (non-board) 15,000
Further information is set out in the PDMR disclosure tables
below.
An application is expected to be made shortly for the 2020 Bonus
Shares to be listed on the standard segment of the Official List of
the UK Listing Authority and admitted to trading on the London
Stock Exchange's main market for listed securities ("Admission").
Admission is expected to occur by May 2021.
For more information please visit www.ms-holdings.com or
contact:
Myanmar Strategic Holdings Ltd.
Richard Greer, Independent Non-Executive richardgreer@me.com
Chairman enrico@ms-holdings.com
Enrico Cesenni, Founder and CEO
Allenby Capital Limited (Broker)
Nick Athanas
Nick Naylor +44 (0)20 3328 5656
Yellow Jersey PR (Financial PR)
Henry Wilkinson
Matthew McHale +44 (0) 7951 402 336
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 and Vietnam were among the fastest growing economies in
Asia in 2017-2019 (Source: Asian Development Bank). In 2021, their
annual GDP growth is expected to be respectively 6.0% and 6.3%
(Source: Asian Development Bank).
MSH is well positioned to provide investors early exposure to
Myanmar's and Vietnam'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/#
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Enrico Cesenni
--------------------------------------- ---------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------------- ---------------------------------------------
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 Issue of shares in lieu of bonuses
--------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
US$6 5,500
----------------------------------------------------------------- --------------------
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 14 April 2021
--------------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name U Aung Myo Thein
--------------------------------------- ---------------------------------------------
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 Issue of shares in lieu of bonuses
--------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
US$6 5,500
----------------------------------------------------------------- --------------------
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 14 April 2021
--------------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jonathan Geoffrey Kolb
--------------------------------------- ---------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- ---------------------------------------------
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 Issue of shares in lieu of bonuses
--------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
US$6 15,000
----------------------------------------------------------------- --------------------
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 14 April 2021
--------------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- ---------------------------------------------
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END
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