Myanmar Investments - Development in Myanmar

Myanmar Investments International

05/02/2021 07:00

RNS Number : 0819O

Myanmar Investments Intl Ltd

05 February 2021

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

5 February 2021

 

Myanmar Investments International Limited

 

Development in Myanmar

 

Myanmar Investments International Limited [AIM: MIL] ("MIL" or the "Company"), the AIM-quoted Myanmar focused investment company, announces that further to its announcement of 1 February 2021, trading in the Company's ordinary shares and warrants on AIM will be restored at 7.30 a.m. today. 

 

There is limited news on the evolving political situation in Myanmar. To date, some new cabinet ministers have been appointed and banks and most communications systems are operating including internet access. The Company's two investments in the microfinance sector and mobile phone communication towers have so far not been directly affected by the recent events however it is too early to forecast the future impact on these investments.  The Company is closely monitoring the situation and will provide shareholders with further updates in any new developments as they become available.

The Company would encourage investors to always assess the veracity of media commentary on the evolving political situation in Myanmar.

 

For further information please contact:

 

Nick Paris                                                                         Michael Rudolf

Managing Director
Myanmar Investments International Limited +95 (0) 1 387 947
nickparis@myanmarinvestments.com
Nominated Adviser
Philip Secrett / Jamie Barklem / Seamus Fricker
Grant Thornton UK LLP
+44 (0) 20 7383 5100
CFO
Myanmar Investments International Limited +95 (0) 1 387 947
michaelrudolf@myanmarinvestments.com
Broker
William Marle / Giles Rolls
finnCap Ltd
+44 (0) 20 7220 0500

 

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

 

Notes to Editors

 

Myanmar Investments International Limited (AIM: MIL) was the first Myanmar-focused investment company to be admitted to trading on the AIM market of the London Stock Exchange. MIL was established in 2013 with the intention of building long-term shareholder value by proactively investing in a diversified portfolio of Myanmar businesses that will benefit from the country's re-emergence and ongoing economic development. The Company is led by an experienced and entrepreneurial team who between them have considerable industrial, corporate and financial management experience. At the Annual General Meeting on 24 October 2019, the Company's shareholders approved a change in the investment policy of the Company to now seek to harvest the Company's investments over time.

 

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