REG - Myanmar Investments - Update on the Sale of MFIL

Myanmar Investments InternationalAnnouncement

31/08/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230831:nRSe8130Ka&default-theme=true

RNS Number : 8130K  Myanmar Investments Intl Ltd  31 August 2023

This announcement contains inside
information
31 August 2023

 

Myanmar Investments International Limited ("MIL" or the "Company")

 

Update on the Sale of MFIL

 

The Directors of the Company and Thitikorn plc have mutually agreed not to
extend the terms of the Sale and Purchase Agreement with respect to the sale
by the Company and its co-shareholders of 100% of MFIL. MIL, and its
co-shareholders, will continue to explore other exit options, including with
Thitikorn plc, to enable a sale at the earliest opportunity.

 

MFIL has been restructuring its own financial affairs and is close to repaying
its  creditors which should then leave it debt free within the next few
months.

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No.
596/2014. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

For further information please contact:

Nick Paris
                            Jay Edwin

 Managing Director                                           CFO

 Myanmar Investments International Limited +44 7738 470550   Myanmar Investments International Limited +95 9 262 277 338

 nickparis@myanmarinvestments.com                            jayedwin@myanmarinvestments.com

 Nominated Adviser                                           Broker

 Philip Secrett                                              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

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDKBLBXXVLFBBF