Update on Minor International PCL

RNS Number : 5807G

Symphony International Holdings Ltd

25 July 2019

 

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

Symphony International Holdings Limited ("Symphony")

25 July 2019

Update on Minor International PCL

Symphony International Holdings Limited (LSE: SIHL) is pleased to announce that Minor International Pcl ("MINT"), Symphony's largest portfolio investment, received the gold prize for the Board of the Year Awards 2018 from the Thai Institute of Directors.

MINT's Press Release on the award, dated 24 July 2019, is reproduced below. 

MINOR INTERNATIONAL PCL

PRESS RELEASE - 24 July 2019                                                      FOR IMMEDIATE RELEASE

MINT RECEIVED BOARD OF THE YEAR AWARDS 2018

Minor International Public Company Limited ("MINT") is pleased to announce today that it received the Gold prize in coveted Board of the Year Awards 2018 from the Thai Institute of Directors (IOD). The award was assessed by institutional investors, professionals and director committee from the Thai Institute of Directors and members in the independent director committee association.

MINT was recognized as the winner among SET-listed companies with market capitalization of over Baht 100 billion in the Board of the Year Awards 2018 for its excellence in good corporate governance and outstanding board and director professionalism. This award is an honor given to the board directors of MINT who perform excellent supervision and strong execution capability, as well as, maintain benefits and create value for stakeholders. The criteria for this award consist of board effectiveness, board leadership, people & culture and stakeholder engagement. The Board of the Year Awards 2018 that MINT received reaffirms MINT's standing as a sustainable global company that strives to serve the interests of its shareholders, customers, employees and business partners.

William E. Heinecke, Founder and Chairman of MINT commented, "We are honored to be recognized by the Thai Institute of Directors for our commitment and efforts in directing the company's business operations with good management leadership, social responsibility and ethics. It is very rewarding to see the extraordinary dedication and collective efforts of our people in helping to shape the MINT of today. We will continue to stay at the forefront of our market with good faith and high standards of business conduct and sustainable development."

About Minor International: Minor International (MINT) is a global company focused on three core businesses: hospitality, restaurants and lifestyle brands distribution. MINT is a hotel owner, operator and investor with a portfolio of 516 hotels under the Anantara, AVANI, Oaks, Tivoli, NH Collection, NH Hotels, nhow, Elewana, Marriott, Four Seasons, St. Regis, Radisson Blu and Minor International brands in 54 countries across Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe, South and North America. MINT is also one of Asia's largest restaurant companies with over 2,200 outlets system-wide in 27 countries under The Pizza Company, Swensen's, Sizzler, Dairy Queen, Burger King, Thai Express, The Coffee Club, Riverside and Benihana brands. MINT is one of Thailand's largest distributors of lifestyle brands and contract manufacturers. Its brands include Anello, Bodum, Bossini, Brooks Brothers, Charles & Keith, Esprit, Etam, Joseph Joseph, OVS, Radley, Save My Bag, Zwilling J.A. Henckels and Minor Smart Kids. For more information, please visit www.minor.com.

For further information:

Chaiyapat Paitoon / Jutatip Adulbhan       [phone]

Minor International Pcl

Anil Thadani                                             [phone]

Symphony Asia Holdings Pte. Ltd.

Numis Securities Limited:

Hugh Jonathan                                          [phone]

Nathan Brown

About Symphony

Symphony is a London listed strategic investment company that invests in a wide variety of businesses in the healthcare, hospitality and lifestyle ("HH&L") sectors (including branded real estate developments), which are principally in Asia. It offers a way for investors to gain exposure to businesses that benefit from the rising disposable incomes and wealth creation in the fast growing economies of Asia. Symphony's objective is to provide superior capital growth by investing in high quality companies and forming long-term business partnerships with talented entrepreneurs. Symphony is managed by Symphony Asia Holdings Pte. Ltd., which has a team of investment professionals with a broad range of expertise - many of them have been working in Asia for more than 25 years. For more information, please visit our website at www.symphonyasia.com

No representation or warranty is made by the Company as to the accuracy or completeness of the information contained in this announcement and no liability will be accepted for any loss arising from its use.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.

This announcement is not an offer of securities for sale into the United States. The Company's securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

The Company and the Investment Manager are not associated or affiliated with any other fund managers whose names include "Symphony", including, without limitation, Symphony Financial Partners Co., Ltd.

End of Announcement

 

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