REG - Asia Strategic Ltd - Grant of Options
01/07/2022 08:15
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RNS Number : 9856Q Asia Strategic Holdings Limited 01 July 2022
1 July 2022
Asia Strategic Holdings Ltd.
("Asia Strategic" or the "Company")
Grant of Options
Asia Strategic Holdings Ltd. (LSE: ASIA), the independent developer and
manager of consumer businesses located in emerging Asia, announces that on 1
July 2022 the Company granted options over a total of 135,000 ordinary shares
of no par value to employees of the Group under the Company's 2022 employee
share option plan ("2022 ESOP").
The 135,000 share options (representing 4.6% of the Company's issued share
capital) were granted to certain PDMRs of the Company as follows:
PDMR Options granted
Enrico Cesenni, Chief Executive Officer (board position) 45,000
Jonathan Geoffrey Kolb, Chief Financial Officer (board position) 45,000
Alain Thibault, Chief Operating Officer (non-board position) 45,000
All options are exercisable at a price of US$11 in accordance with the
conditions of the 2022 ESOP and subject to the following time vesting
conditions:
· First anniversary from grant date: 40% of the option.
· Second anniversary from grant date: Further 40% of the option.
· Third anniversary from grant date: Further 20% of the option.
Including this grant, total options granted to date (net of any options
lapsed) amount to 328,500 equating to 11.2 per cent of the Company's current
issued share capital.
For more information, please visit www.asia-strategic.com
(http://www.asia-strategic.com/) or contact:
Asia Strategic Holdings Ltd. richard@asia-strategic.com (mailto:richard@asia-strategic.com)
Richard Greer, Independent Non-Executive Chairman enrico@asia-strategic.com (mailto:enrico@asia-strategic.com)
Enrico Cesenni (OSI), Founder and Chief Executive Officer
Allenby Capital Limited (Broker) +44 (0)20 3328 5656
Nick Athanas
Nick Naylor
Freddie Wooding
Yellow Jersey PR (Financial PR) +44 (0) 7951 402 336
Henry Wilkinson
Notes to editors
Asia Strategic Holdings Ltd.
Asia Strategic Holdings Ltd. (LSE: ASIA) is an independent developer and
operator of consumer businesses in emerging Asia. The Company's portfolio
focuses on Education and Services with the view to expand within the broader
consumer sector and is located in Vietnam and Myanmar, two of the fastest
growing economies in the world over the last decade.
Education sector: the Company currently has exclusive development and
franchising agreements with Wall Street English for up to ten English language
centres across Myanmar. Two centres were opened in 2017, a third in August
2018, and a fourth in February 2020. As of March 2022, Wall Street English
Myanmar served over 1,800 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 ca. 2,500
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.
In August 2019 the Company launched its first private K-12 international
school, the Yangon American International School ("Yangon American") in
Yangon. In July 2021 Yangon American was recognised as an official
International Baccalaureate Primary Years Programme ("IB PYP") school by the
International Baccalaureate Organization.
In April 2022, the Company entered into an exclusive franchising agreement
with Kids&Us for the development of English language schools for children
across Myanmar. The first two centres shall be opened in Yangon by June 2023.
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.
Furthermore, the Company provides hospitality services, managing over 282 beds
across four boutique hotels in three core tourist locations in Myanmar,
operating under the award winning Ostello Bello budget hospitality brand. The
Company operates an asset light strategy, entering into long-term operating
and management agreements with local hotel owners.
Vietnam and Myanmar were among the fastest growing economies in Asia in
2017-2020 (Source: Asian Development Bank). In 2022, Vietnam's annual GDP
growth is expected to be 6.5% (Source: Asian Development Bank).
The Company is well positioned to provide investors early exposure
to Vietnam's and Myanmar's strong economic fundamentals enhanced
by ASEAN's wider growth prospects.
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https://ms-holdings.com/investor-relations/#
(https://ms-holdings.com/investor-relations/)
The notifications set out below are provided in accordance with the
requirements of the EU Market Abuse Regulation.
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 (board position)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Asia 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 financial instrument, type of instrument Ordinary shares of no par value each
Identification code Identification code (ISIN) for Asia Strategic Holdings Limited ordinary
shares: SG9999015747
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price(s) Volume(s)
US$11 45,000
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 1 July 2022
f) Place of the transaction Outside a trading venue
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 (board position)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Asia 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 financial instrument, type of instrument Ordinary shares of no par value each
Identification code Identification code (ISIN) for Asia Strategic Holdings Limited ordinary
shares: SG9999015747
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price(s) Volume(s)
US$11 45,000
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 1 July 2022
f) Place of the transaction Outside a trading venue
Details of the person discharging managerial responsibilities / person closely
associated
a) Name Alain Thibault
2 Reason for the notification
a) Position/status Chief Operating Officer (non-board position)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Asia 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 financial instrument, type of instrument Ordinary shares of no par value each
Identification code Identification code (ISIN) for Asia Strategic Holdings Limited ordinary
shares: SG9999015747
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price(s) Volume(s)
US$11 45,000
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 1 July 2022
f) Place of the transaction Outside a trading venue
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