REG - Asia Strategic Ltd - Total Voting Rights

Asia Strategic HoldingsAnnouncement

28/03/2024 17:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240328:nRSb7376Ia&default-theme=true

RNS Number : 7376I  Asia Strategic Holdings Limited  28 March 2024

 

28 March 2024

Asia Strategic Holdings Ltd.

 

("Asia Strategic" or the "Company")

 

Total Voting Rights

 

Asia Strategic Holdings Ltd. (LSE: ASIA), the independent developer and
manager of consumer businesses located in emerging Asia, announces that the
issued share capital of the Company at the date of this announcement comprises
3,021,920 Ordinary Shares of no par value, with one voting right per share
("Ordinary Shares"). The Company does not hold any Ordinary Shares in
treasury. Therefore, the total number of Ordinary Shares and voting rights in
the Company is therefore 3,021,920.

 

This 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 a change to their interest in, the share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

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

 Lauren Wright

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

 Sarah Hollins

 Bessie Elliot

Notes to editors

Asia Strategic Holdings Ltd. (LSE: ASIA) is an independent developer and
operator of consumer businesses in Emerging Asia, specifically Vietnam and
Myanmar, two of the world's fastest-growing economies. The company's portfolio
focuses on Education and Services.

 

Education: the company operates brands in English language learning, coding,
K-12 international school, and tertiary education, with 20 schools serving
approximately 8,700 students at 30 September 2023.

 

The company entered into an exclusive agreement with Wall Street English in
2017 for operating rights to Myanmar and secured rights to operate Wall Street
English Vietnam through an acquisition in 2020. At September 2023, Wall Street
English Myanmar operated five schools and served ca.  3,700 students, while
Wall Street English Vietnam operated seven schools and served ca. 3,700
students.

 

The company also signed an exclusive agreement with Kids&Us in 2022 to
offer English language learning for children in Vietnam and Myanmar. At 30
September 2023, Kids&Us Vietnam operated four schools and served ca. 400
students, while Kids&Us Myanmar operated one school and served ca. 100
students.

 

In 2023, the Group entered into exclusive franchising agreements with
Logiscool to develop coding schools for children in Vietnam and Myanmar.
The company opened its maiden coding school in November 2023 in Ho Chi Minh
City, Vietnam and its second school in December 2023 in Yangon, Myanmar.

 

Yangon American International School launched in August 2019. It is an
accredited International Baccalaureate ("IB") Primary Years Programme ("PYP")
school and a candidate school for the IB Middle Years Programme ("MYP")
accreditation. It offered up to seventh grade in this Academic Year 2023/24
and served ca. 100 students at 30 September 2023.

 

The company has partnerships with Auston Institute of Management (Singapore)
and Liverpool John Moores University (UK) to offer internationally recognised
engineering and IT diplomas and degrees. Auston has two campuses in Yangon and
Mandalay and had ca. 750 enrolled students at 30 September 2023.

 

Services: through its acquisition of EXERA in 2018, the Group provides
protection of assets, risk management, and secure logistics services. EXERA
employs approximately 1,400 well-trained security officers in Myanmar. The
company also manages two boutique hotels in core tourist destinations in
Myanmar under the brand Ostello Bello.

 

Deploying an asset-light strategy, Asia Strategic Holdings is well-positioned
to offer investors early exposure to the robust fundamentals of Vietnam and
Myanmar.

 

To receive news alerts on Asia Strategic Holdings please sign up here under
the 'RNS' header: https://asia-strategic.com/investor-relations/
(https://asia-strategic.com/investor-relations/)

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TVRDZGZFMRNGDZM