TIDMSHWE
RNS Number : 5756P
Myanmar Strategic Holdings Ltd
10 June 2020
10 June 2020
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company" or the "Group")
Further re Subscription to raise US$6.0 million
Admission of Shares and Total Voting Rights
Myanmar Strategic Holdings Ltd. (LSE: SHWE), the independent
developer and operator of consumer businesses located in Myanmar,
is pleased to announce that further to the announcement of 26 May
2020, the 112,500 Subscription Shares in connection with the first
tranche of the Subscription have been issued and allotted to the
subscribers.
An application has been made for the 112,500 Subscription Shares
to be listed on 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") and
Admission is expected to occur at 8.00 a.m. tomorrow, 11 June
2020.
The issuance of the 112,500 Subscription Shares relates to the
first tranche of the Subscription to raise US$2.25 million at US$20
per share through the issue of 75,000 shares to A-Star-Education
Holdings Pte. Ltd. (" A-Star " ) and 37,500 shares to MACAN Pte.
Ltd. ("MACAN") .
The second tranche of the Subscription to raise the balance of
US$3.75 million is expected to complete by the end of July 2020 in
conjunction with the acquisition of WSE Vietnam.
The Subscription Shares will rank, pari passu, in all respects
with the existing ordinary shares of the Company, including the
right to receive dividends and other distributions declared
following their issue. The Subscription Shares represent 4.34% of
the enlarged issued share capital of the Company.
Total Voting Rights
Following Admission, the Company will have a total of 2,590,541
Ordinary Shares in issue. The above figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or change to their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
Following the issue of the New Ordinary Shares, and to the best
of the knowledge of the Company, the following notifiable positions
of Ordinary Shares and holdings of Directors of the Company are as
follows:
Number of Percentage Number of Percentage
Ordinary of Ordinary Ordinary of Ordinary
Shares Held Shares Held Shares Held Shares Held
Before Admission Before Admission After Admission After Admission
MACAN Pte. Ltd* 860,000 34.70% 897,500 34.65%
Oneiros Investments
S.A. 211,621 8.54% 211,621 8.17%
SOAI Ltd. 156,945 6.33% 156,945 6.06%
Jonathan Geoffrey
Kolb 151,000 6.09% 151,000 5.83%
BF&F s.r.l. 117,500 4.74% 117,500 4.54%
NDC Advisors Limited 101,019 4.08% 101,019 3.90%
SEVIAN s.r.l.** 100,000 4.04% 100,000 3.86%
Gaudenzio Roveda 100,000 4.04% 100,000 3.86%
A-Star-Education
Holdings Pte. Ltd. - 0.00% 75,000 2.90%
Giovanni Govi*** 74,463 3.00% 74,463 2.87%
U Aung Myo Thein**** 50,500 2.04% 50,500 1.95%
Richard Greer (Chairman) 7,700 0.31% 7,700 0.30%
*MACAN is a company in which Enrico Cesenni, CEO of the Company,
holds 26.1 per cent. of the issued share capital of the company and
35.1 per cent of the voting rights.
** SEVIAN s.r.l. also holds 48.9 per cent. of the current issued
share capital of MACAN
*** Giovanni Govi also holds 4.9 per cent. of the current issued
share capital of MACAN
**** U Aung Myo Thein is a member of senior management team of
MSH
Capitalised terms in this Announcement shall have the meanings
given to such terms in the Company's announcement of 9:10 a.m. on
26 May 2020.
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
Nicholas Chambers +44 (0)20 3328 5656
Yellow Jersey PR (Financial PR)
Georgia Colkin
Henry Wilkinson +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 located in Myanmar,
one 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 May 2020, the Company exchanged contracts for the acquisiton
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 acquisition
of WSE Vietnam is expected to complete by July 2020.
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 4% and 7% (Source:
Asian Development Bank), making it one of the fastest growing
economies in the world.
MSH is well positioned to provide investors early exposure to
Myanmar's strong economic fundamentals enhanced by ASEAN's wider
growth prospects.
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https://ms-holdings.com/investor-relations/#
Verlinvest S.A.
Established in 1995 and with approximately EUR1.6 billion of
assets under management, Verlinvest is present in Brussels, London,
Singapore and New York.
With over 20 active investments in Asia (particularly in India),
North America and Europe, the group focuses on investing behind
visionary business leaders to build global, fast-growing consumer
businesses and brands, particularly in the food and beverages,
digital and healthcare sectors. Verlinvest's largest portfolio
companies to date include Oatly, Vita Coco, Mutti, Hint Water,
Sula, Byju's, Valtech, Toluna and recent exits have featured
Chewy.com, Sir Kensington's, popchips, F&B Asia, Zalando,
Lazada, Carrières du Hainaut and Armonea.
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.
END
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