4 November 2026
Asia Strategic Holdings Ltd.
("Asia Strategic" or the "Company")
Conversion of Shares and Issue of Equity
Asia Strategic Holdings Ltd. (LSE: ASIA), the independent developer and manager of consumer businesses located in emerging Asia, announces the conversion of $3,105,000 Zero-Coupon Convertible Notes at the floor conversion price of US$11.53 per share, outlined in the Convertible Note Programme announcement released earlier today, resulting in the issuance of an aggregate of 269,297 new ordinary shares in the Company (the “Conversion Shares”).
Application will be made shortly for the Conversion Shares to be admitted to trading on the main market of the London Stock Exchange, which is expected to be on or around 11 November 2026. The Conversion Shares rank pari passu with the existing ordinary shares of the Company.
Following the issue of the Conversion Shares, the Company's issued ordinary share capital shall consist of 3,291,217 ordinary shares of no par value. The figure of 3,291,217 represents the total voting rights in the Company and should be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance & Transparency Rules.
For more information, please visit https://asia-strategic.com/ or contact:
Asia Strategic Holdings Ltd. Richard Greer, Independent Non-Executive Chairman Enrico Cesenni (OSI), Founder and CEO | |
Allenby Capital Limited (Broker) Nick Athanas / Nick Naylor (Corporate Finance) Amrit Nahal / Lauren Wright (Sales and Corporate Broking) | +44 (0)20 3328 5656 |
Yellow Jersey PR (Financial PR) Shivantha Thambirajah | +44 (0) 20 3004 9512 |
Notes to editors
Asia Strategic Holdings Ltd. (LSE: ASIA) is an independent developer and operator of consumer businesses focused on Education and Services in Emerging Asia, specifically Vietnam and Myanmar.
Education Division: The Group operates a diverse portfolio of education brands, encompassing English language learning, coding, K-12, and tertiary education. As of 31 March 2026, the Education division consisted of 37 schools, serving over 10,970 students.
Services Division: The Group operates two brands: (i) EXERA, an integrated risk and facilities management services provider in Myanmar and Vietnam; and (ii) Ostello Bello, a boutique hostel chain. As of 31 March 2026, EXERA employed ca. 2,280 service personnel (comprising primarily of security officers and IFM staff) across ca. 280 sites.
Asia Strategic Holdings utilises an asset-light strategy to scale its operations and capitalises on emerging opportunities in Vietnam and Myanmar.
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