REG - Myanmar Strategic - Grant of Options

Asia Strategic HoldingsAnnouncement

17/10/2018 16:15

RNS Number : 3909E
Myanmar Strategic Holdings Ltd
17 October 2018
 


17 October 2018
Myanmar Strategic Holdings Ltd.
("MSH" or the "Company" or the "Group)
 
Grant of Options
 
Myanmar Strategic Holdings Ltd. (LSE: SHWE), the independent developer and manager of consumer businesses located in Myanmar, one of the fastest growing economies in the world, announces that on 17 October 2018 the Company granted options over a total of 72,000 ordinary shares of no par value to employees of the Group under the Company's existing share option plan. A total of 41,000 of the share options (representing 1.7% of the Company's issued share capital) were granted to certain directors and PDMRs of the Company as follows:
 



Director / PDMR


Options granted




Enrico Cesenni, Chief Executive Officer


6,000




Dennis Yeo Ting Teck, Chief Financial Officer


10,000




U Aung Myo Thein, Partner  


15,000




Jonathan Geoffrey Kolb, Partner   


10,000



 
All options are exercisable at a price of US$11 in accordance with the conditions of the share option plan.
 
Including this grant, total options granted to date (net of any options lapsed) amount to 150,000.
 
Further information is set out in the PDMR disclosure tables below.
 
For more information please visit www.ms-holdings.com or contact:
 



Myanmar Strategic Holdings Ltd.
Enrico Cesenni, Founder and CEO


 
enrico@ms-holdings.com
 




Allenby Capital Limited (Broker)
Nick Athanas
Nick Naylor
Nicholas Chambers
 


+44 (0)20 3328 5656 
 




Yellow Jersey PR (Financial PR)
Georgia Colkin
Joe Burgess
Henry Wilkinson


+44 (0) 7769 325254
 
 



 
Myanmar Strategic Holdings Ltd.
Myanmar Strategic Holdings Ltd. is an independent developer and manager of consumer-focused businesses located in Myanmar, one of the fastest growing economies in the world. The Company's portfolio currently focuses on Hospitality, Education and Services with the view to expand within the broader consumer sector in Myanmar as it grows.
Hospitality sector: through its portfolio the Company currently manages over 470 beds across 4 boutique hotels in 3 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.
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 and a third opened in August 2018. As at July 2018, they served over 1,200 students. Through the franchise MSH also partnered with the Directorate of Company Administration in Myanmar to provide English language courses to its civil servants.   
The Company has 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, Construction Project Management and Networking, Information Systems, and Security. English language learning is also provided by the Company's nearby Wall Street English centre.
Services sector: through its recent acquisition of EXERA, the Company now offers security, cash in transit and risk management services. Founded in 2013, EXERA employs approx. 1,100 guards making it one of the largest security services providers in Myanmar.
Myanmar was one of the fastest growing economies in Asia in 2017 (Source: Asian Development Bank). In 2018, its annual GDP growth is expected to be about 7% (Source: Asian Development Bank), making it one of the fastest growing economies in the world.  
MSH is well positioned to provide investors early exposure to Myanmar's strong economic fundamentals enhanced by ASEAN's wider growth prospects.
 
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
 
 



1
 


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




b)
 


Initial notification /Amendment
 
 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


Myanmar 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 Myanmar 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


6,000


 








 


 


 


 




d)
 


Aggregated information


n/a














- Aggregated volume


















- Price


















e)
 


Date of the transaction
 
 


17 October 2018




f)
 


Place of the transaction
 
 


Outside a trading venue



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Dennis Yeo Ting Teck
 




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Chief Financial Officer




b)
 


Initial notification /Amendment
 
 


Initial notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


Myanmar 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 Myanmar 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


10,000


 








 


 


 


 




d)
 


Aggregated information


n/a














- Aggregated volume


















- Price


















e)
 


Date of the transaction
 
 


17 October 2018




f)
 


Place of the transaction
 
 


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


U Aung Myo Thein
 




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Partner (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
 
 


Myanmar 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 Myanmar 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


15,000


 








 


 


 


 




d)
 


Aggregated information


n/a














- Aggregated volume


















- Price


















e)
 


Date of the transaction
 
 


17 October 2018




f)
 


Place of the transaction
 
 


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Jonathan Geoffrey Kolb




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Partner (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
 
 


Myanmar 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 Myanmar 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


10,000


 








 


 


 


 




d)
 


Aggregated information


n/a














- Aggregated volume


















- Price


















e)
 


Date of the transaction
 
 


17 October 2018




f)
 


Place of the transaction
 


Outside a trading venue



 




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.
 
END
 
 
DSHFFUFIWFASESS