TIDMMIL

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   Myanmar Investments International 
 Ltd                                 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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END

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(END) Dow Jones Newswires

January 05, 2022 01:59 ET (06:59 GMT)

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