Grant of Options

RNS Number : 9856Q

Asia Strategic Holdings Limited

01 July 2022

 

1 July 2022

    Asia Strategic Holdings Ltd.

("Asia Strategic" or the "Company")

Grant of Options

Asia Strategic Holdings Ltd. (LSE: ASIA), the independent developer and manager of consumer businesses located in emerging Asia, announces that on 1 July 2022 the Company granted options over a total of 135,000 ordinary shares of no par value to employees of the Group under the Company's 2022 employee share option plan ("2022 ESOP").

The 135,000 share options (representing 4.6% of the Company's issued share capital) were granted to certain PDMRs of the Company as follows:

PDMR	Options granted
Enrico Cesenni, Chief Executive Officer (board position)	45,000
Jonathan Geoffrey Kolb, Chief Financial Officer (board position)	45,000
Alain Thibault, Chief Operating Officer (non-board position)	45,000

All options are exercisable at a price of US$11 in accordance with the conditions of the 2022 ESOP and subject to the following time vesting conditions:

· First anniversary from grant date: 40% of the option.

· Second anniversary from grant date: Further 40% of the option.

· Third anniversary from grant date: Further 20% of the option.

Including this grant, total options granted to date (net of any options lapsed) amount to 328,500 equating to 11.2 per cent of the Company's current issued share capital.

For more information, please visit  www.asia-strategic.com  or contact:

Asia Strategic Holdings Ltd. Richard Greer, Independent Non-Executive Chairman Enrico Cesenni (OSI), Founder and Chief Executive Officer	[e-mail] [e-mail]
Allenby Capital Limited (Broker) Nick Athanas Nick Naylor Freddie Wooding	[phone]
Yellow Jersey PR (Financial PR) Henry Wilkinson	[phone]

Notes to editors

Asia Strategic Holdings Ltd.  

Asia Strategic Holdings Ltd. (LSE: ASIA) is an independent developer and operator of consumer businesses in emerging Asia. The Company's portfolio focuses on Education and Services with the view to expand within the broader consumer sector and is located in Vietnam and Myanmar, two of the fastest growing economies in the world over the last decade.

Education sector:  the Company currently has exclusive development and franchising agreements with Wall Street English for up to ten English language centres across Myanmar. Two centres were opened in 2017, a third in August 2018, and a fourth in February 2020. As of March 2022, Wall Street English Myanmar served over 1,800 students.

In July 2020, the Company completed the acquisition of the Wall Street English business in Vietnam. Founded in 2013, the WSE Vietnam business operates through seven centres in Ho Chi Minh and Binh Dhuong serving ca. 2,500 students.

The Company also operates a joint venture with Auston Institute of Management to develop and operate the Auston College Myanmar. The private school opened in May 2018 offering diplomas in Engineering Technology, Mechanical Engineering and Networking, Information Systems, and Security. English language learning is also provided by the Company's nearby Wall Street English centre. In February 2020, the Company announced a partnership with Liverpool John Moores University to provide high quality engineering training programmes for young, working professionals in Myanmar, to be taught by Auston College Myanmar's teaching staff at its Junction Square complex in Yangon.

In August 2019 the Company launched its first private K-12 international school, the Yangon American International School ("Yangon American") in Yangon. In July 2021 Yangon American was recognised as an official International Baccalaureate Primary Years Programme ("IB PYP") school by the International Baccalaureate Organization.

In April 2022, the Company entered into an exclusive franchising agreement with Kids&Us for the development of English language schools for children across Myanmar. The first two centres shall be opened in Yangon by June 2023.

Services sector:   through its acquisition of EXERA, the Company offers security, risk management and secure logistics services, including cash-in-transit. Founded in 2013, EXERA employs approximately 1,500 well-trained and high-quality security officers making it one of the largest security services providers in Myanmar.

Furthermore, the Company provides hospitality services, managing over 282 beds across four boutique hotels in three core tourist locations in Myanmar, operating under the award winning Ostello Bello budget hospitality brand. The Company operates an asset light strategy, entering into long-term operating and management agreements with local hotel owners.

Vietnam and Myanmar were among the fastest growing economies in Asia in 2017-2020 (Source: Asian Development Bank). In 2022, Vietnam's annual GDP growth is expected to be 6.5% (Source: Asian Development Bank).

The Company is well positioned to provide investors early exposure to Vietnam's and Myanmar's strong economic fundamentals enhanced by ASEAN's wider growth prospects. 

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https://ms-holdings.com/investor-relations/#  

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Enrico Cesenni
2	Reason for the notification
a)	Position/status	Chief Executive Officer (board position)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	A sia Strategic Holdings Limited
b)	LEI	213800V5GJPLFU4F6636
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of no par value each
	Identification code	Identification code (ISIN) for A sia Strategic Holdings Limited ordinary shares:  SG9999015747
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			US$11	45,000
d)	Aggregated information	n/a
	- Aggregated volume
	- Price
e)	Date of the transaction	1 July 2022
f)	Place of the transaction	Outside a trading venue

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jonathan Geoffrey Kolb
2	Reason for the notification
a)	Position/status	Chief Financial Officer (board position)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	A sia Strategic Holdings Limited
b)	LEI	213800V5GJPLFU4F6636
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of no par value each
	Identification code	Identification code (ISIN) for A sia Strategic Holdings Limited ordinary shares:  SG9999015747
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			US$11	45,000
d)	Aggregated information	n/a
	- Aggregated volume
	- Price
e)	Date of the transaction	1 July 2022
f)	Place of the transaction	Outside a trading venue

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alain Thibault
2	Reason for the notification
a)	Position/status	Chief Operating Officer (non-board position)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	A sia Strategic Holdings Limited
b)	LEI	213800V5GJPLFU4F6636
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of no par value each
	Identification code	Identification code (ISIN) for A sia Strategic Holdings Limited ordinary shares:  SG9999015747
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			US$11	45,000
d)	Aggregated information	n/a
	- Aggregated volume
	- Price
e)	Date of the transaction	1 July 2022
f)	Place of the transaction	Outside a trading venue

 

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