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BRIEF-Yoma Strategic Holdings Says Entered A Placement Agreement With Ayala Corporation

Published 11/14/2019, 06:20 AM
Updated 11/14/2019, 06:24 AM
BRIEF-Yoma Strategic Holdings Says Entered A Placement Agreement With Ayala Corporation
YOMA
-

Nov 14 (Reuters) - Yoma Strategic Holdings Ltd YOMA.SI :
* YOMA STRATEGIC & FIRST MYANMAR INVESTMENT FORGE LANDMARK
PARTNERSHIP WITH PHILIPPINES' LEADING CONGLOMERATE AYALA
CORPORATION
* AYALA CORP WILL BE INVESTING UP TO US$237.5 MILLION FOR A
20%
STAKE IN EACH OF YOMA STRATEGIC AND FMI
* AYALA'S INVESTMENT OF US$237.5 MILLION FOR MAXIMUM 20%
STAKE IN
YOMA GROUP TO MAKE THEM 2ND LARGEST SHAREHOLDER IN BOTH COS
* ISSUE PRICE FOR SHARES OF TWO YOMA GROUP COS SET AT S$0.45
PER
SHARE FOR YOMA STRATEGIC AND MMK15,000 PER SHARE FOR FMI
* WILL ISSUE UP TO 474.68 MILLION PRIMARY SHARES TO AYALA
FOR A
TOTAL CONSIDERATION OF UP TO US$155 MILLION
* UNDER DEAL WITH AYALA, AN INITIAL 332.50 MILLION SHARES OF
CO
WILL BE ISSUED BY END OF NOV 2019
* YOMA STRATEGIC TO ALSO SEEK SHAREHOLDERS' APPROVAL FOR
142.18
MILLION SHARES AT A SHAREHOLDERS' MEETING
* AYALA WILL ALSO PROVIDE A US$82.5 MILLION CONVERTIBLE LOAN
TO
FIRST MYANMAR INVESTMENT PUBLIC CO. LTD

Source text for Eikon: ID:nSN9yWFwt
Further company coverage: YOMA.SI

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