Myanmar Investments Intl Ltd Update on the Sale of MFIL (8130K)

TIDMMIL

RNS Number : 8130K

Myanmar Investments Intl Ltd

31 August 2023

This announcement contains inside information 31 August 2023

Myanmar Investments International Limited ("MIL" or the "Company")

Update on the Sale of MFIL

The Directors of the Company and Thitikorn plc have mutually agreed not to extend the terms of the Sale and Purchase Agreement with respect to the sale by the Company and its co-shareholders of 100% of MFIL. MIL, and its co-shareholders, will continue to explore other exit options, including with Thitikorn plc, to enable a sale at the earliest opportunity.

MFIL has been restructuring its own financial affairs and is close to repaying its creditors which should then leave it debt free within the next few months.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information please contact:

   Nick Paris                                                                         Jay Edwin 
 
Managing Director                   CFO 
 Myanmar Investments International   Myanmar Investments International 
 Limited +44 7738 470550             Limited +95 9 262 277 338 
 nickparis@myanmarinvestments.com    jayedwin@myanmarinvestments.com 
 Nominated Adviser                   Broker 
 Philip Secrett                      William Marle 
 Grant Thornton UK LLP               finnCap Ltd 
 +44 (0) 20 7383 5100                +44 (0) 20 7220 0500

For more information about MIL, please visit www.myanmarinvestments.com

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

UPDKBLBXXVLFBBF

(END) Dow Jones Newswires

August 31, 2023 02:00 ET (06:00 GMT)

Myanmar Investments (LSE:MIL)
過去株価チャート
から 10 2024 まで 11 2024