TIDMSHWE
RNS Number : 0010D
Myanmar Strategic Holdings Ltd
24 June 2021
24 June 2021
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company")
Update on Application for Admission of Shares, Total Voting
Rights and Notice of Results
Further to the announcement released on 14 April 2021, Myanmar
Strategic Holdings Ltd. (LSE: SHWE), the independent developer and
operator of consumer businesses located in Myanmar and Vietnam,
announces that application has today been made for 41,000 new
ordinary shares in the Company (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"). It is
expected that Admission will become effective and that dealings in
the 2020 Bonus Shares will commence at 8.00 a.m. on 30 June
2021.
The 2020 Bonus Shares comprise the new ordinary shares issued by
MSH in lieu of cash payments for all annual bonuses payable to the
Company's senior employees and consultants relating to the
financial period ended 30 September 2020.
The 2020 Bonus 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 2020 Bonus Shares represent 1.4 per cent. of the
enlarged issued share capital of the Company.
Total Voting Rights
Following Admission the Company will have a total of 2,845,920
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.
Notice of Results
The Company announces that it expects to publish its half yearly
report for the six months ended 31 March 2021 by 31 July 2021. The
publication date utilises the permitted extension of up to one
month to complete and announce half yearly reports, as per the
latest guidance set out by the Financial Conduct Authority dated 27
January 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 September 2020,
Wall Street English Myanmar served ca 2,000 students.
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 1,500 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 2017-2020 (Source: Asian Development Bank). In 2021,
Vietnam's annual GDP growth is expected to be 6.7% (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.
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END
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