REG - Asia Strategic Ltd - Grant of Options

Asia Strategic HoldingsAnnouncement

06/02/2023 07:00

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RNS Number : 8891O  Asia Strategic Holdings Limited   06 February 2023

6 February 2023

  Asia Strategic Holdings Ltd.

 

("Asia Strategic", the "Group" or the "Company")

 

Grant of Options

 

Asia Strategic Holdings Ltd. (LSE: ASIA), the independent developer and
manager of consumer businesses located in emerging Asia, today announces
that on 6 February 2023 the Company granted options over a total of 43,000
ordinary shares of no par value to employees of the Group under the Company's
2022 employee share option plan ("2022 ESOP").

 

The 43,000 share options, which represent 1.5% of the Company's issued share
capital, included the granting of share options to a PDMR of the Company as
follows:

 

 PDMR                                                              Options granted
 Jonathan Geoffrey Kolb, Chief Financial Officer (board position)  33,000

 

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 371,500 equating to 12.5% 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

 Richard Greer, Independent Non-Executive Chairman           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

 Yellow Jersey PR (Financial PR)                             +44 (0)20 3004 9512

 Sarah Hollins

 Bessie Elliot

 

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 operates a range of brands across English
language learning, tertiary education and K-12. As of September 2022, it
operated 14 schools (19 as of February 2023), serving over 7,500 students.

The Company currently has exclusive development and franchising agreements
with Wall Street English for up to ten English language centres
across Myanmar. As of September 2022, Wall Street English Myanmar served
over 3,100 students through 4 centres (5 as of February 2023).

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
3,800 students as of September 2022.

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. As of September 2022, Auston University served ca. 500 students.

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.

In August 2022, the Company entered into an exclusive franchising agreement
with Kids&Us for the development of English language schools for children
across Vietnam. The first four centres are already operational in Ho Chi
Minh.

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 1,600
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 two boutique
hotels in 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 2023, Vietnam's and
Myanmar's annual GDP growth are expected to be 8.5% and 4.0% respectively
(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/#
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 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                                                         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                33,000

 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      6 February 2023

 f)   Place of the transaction                                     Outside a trading venue

 

 

 

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