Myanmar Investments Intl Ltd Warrant Exercise Window (1773J)
September 01 2021 - 2:00AM
UK Regulatory
TIDMMIL
RNS Number : 1773J
Myanmar Investments Intl Ltd
01 September 2021
1 September 2021
Myanmar Investments International Limited
Warrant Exercise Window
Myanmar Investments International Limited [AIM: MIL] ("MIL" or
the "Company"), the AIM-quoted Myanmar focused investment company,
announces that the window for warrant holders to exercise all or
any of the warrants held by them on payment of a cash sum is now
open and will remain open until 30 September 2021 (the "Exercise
Window"). The terms applicable to the Exercise Window reflect the
terms of the 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/ .
Warrant holders are able to exercise their warrants for a cash
payment of US$0.90 per share during the first calendar month of
each Quarter (as defined in the Warrant Instrument) until 31
December 2021 whereupon all unexercised warrants will expire. A
final opportunity for cashless conversion of warrants will also be
available on 31 December 2021 (based on the NAV of the Company at
that time).
Warrant holders who wish to exercise their warrants in the
current Exercise Window should deliver the appropriate
documentation to the Company in accordance with the requirements of
clause 4 of the warrant instrument to arrive on or before 30
September 2021.
Application will be made to the London Stock Exchange for the
admission of any Ordinary Shares issued on the exercise of the
warrants to trading on AIM. It is anticipated that admission to
trading of, and dealings in, the Ordinary Shares issued pursuant to
the exercise of warrants in the Exercise Window, would commence on
AIM no later than 10 business days following the close of the
Exercise Window.
For further information please contact: Nick Paris
Managing Director
Myanmar Investments International Ltd +95 (0) 1 387 947
nickparis@myanmarinvestments.com
Nominated Adviser
Philip Secrett / George Grainger
Grant Thornton UK LLP
+44 (0) 20 7383 5100
Michael Rudolf
Chief Financial Officer
Myanmar Investments International Ltd
+95 (0) 1 387 947
michaelrudolf@myanmarinvestments.com
Broker
William Marle
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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END
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