REG - Myanmar Investments - Final Warrant Exercise and Warrants Cancellation

Myanmar Investments InternationalAnnouncement

05/01/2022 07:00

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RNS Number : 3918X  Myanmar Investments Intl Ltd  05 January 2022

 
5 January 2022

Myanmar Investments International Limited

Final Warrant Exercise and Cancellation of Warrants

Myanmar Investments International Limited [AIM: MIL] ("MIL" or the "Company"),
the AIM-quoted Myanmar focused investment company, announces that as at 31
December 2021 no warrants had been exercised in the final window for warrant
holders to exercise all or any of their warrants (the "Exercise Window"). As
announced on 1 December 2021, following the closing of the Exercise Window,
all unexercised warrants expired and admission of the remaining warrants to
trading on AIM was cancelled from 7:00 a.m. on 4 January 2022. The terms
applicable to the Exercise Window reflect the terms of the Amended and
Restated Warrant Instrument adopted on 21 May 2018 (the "Warrant Instrument"),
a copy of which can be found on the Company's website at
http://myanmarinvestments.com/shares-warrants-and-esops/.

Cancellation of Warrants

Pursuant to the Warrant Instrument any warrant not exercised by 31 December
2021 has lapsed and ceased to be valid for any purpose and has been cancelled.

 

For further information please contact:

 Nick Paris                              Michael Rudolf

 Managing Director                       Chief Financial Officer

 Myanmar Investments International Ltd   Myanmar Investments International Ltd

 +95 (0) 1 387 947                       +95 (0) 1 387 947

 nickparis@myanmarinvestments.com        michaelrudolf@myanmarinvestments.com

 Nominated Adviser                       Broker

 Philip Secrett / George Grainger        William Marle

 Grant Thornton UK LLP                   finnCap Ltd

 +44 (0) 20 7383 5100                    +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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