Close Period Share Repurchases

RNS Number : 9630K

VietNam Holding Limited

30 June 2014

 



VietNam Holding Limited

Close period share repurchases

VietNam Holding Limited ("VNH" or the "Company") announces that it has entered into an irrevocable and non-discretionary arrangement with its broker, Winterflood Investment Trusts ("Winterflood"). The arrangement instructs Winterflood to make on-market purchases on the Company's behalf, within certain pre-set parameters, of ordinary shares of par value US$1 each in the Company ("Ordinary Shares") during the close period relating to the Company's annual results for the year ending 30 June 2014 (the "Close Period"). The Close Period will commence on 1 July 2014 and end on the publication of the Company's annual accounts which are expected to be released by end of August 2014. This share repurchase exercise will be independently managed by Winterflood during the Close Period. 

These arrangements form part of an ongoing share repurchase programme being undertaken by the Company pursuant to an authorisation granted at the Company's Annual General Meeting on 11 September 2013. Further information on the share repurchase authority, including the shareholder resolutions, can be found on VNH's website at www.vietnamholding.com.

Any Ordinary Shares purchased on the Company's behalf during the Close Period will be held in Treasury.

For more information please contact:

VietNam Holding Asset Management Limited	Tel: [phone]
Gyentsen Zatul - Investor Relations
Altium Capital Limited (Nominated Adviser)	Tel: [phone]
Tim Richardson
Winterflood Investment Trusts (Broker)	Tel: [phone]
Joe Winkley / Neil Langford
Buchanan Communications	Tel: [phone]
Charles Ryland / Sophie McNulty

 

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