Director Settlement

RNS Number : 1073A

VietNam Holding Limited

07 September 2018

 

VietNam Holding Limited

("VNH" or the "Company")

Director Settlement

VietNam Holding Limited ("VNH" or the "Company") (AIM: VNH) is pleased to report it has reached a settlement agreement with the previous board over bonus payments.

The Company's interim report released 7 March 2018 discussed bonus payments made to the previous Board; failings in the disclosure of these bonuses in the Company's published annual reports and a $100,000 bonus payment paid to the former Chairman the day before she stepped down in September 2017.

The Company is pleased to announce that it has entered into a settlement agreement in respect of these fees. The previous Board has agreed to repay US$125,000, an amount in excess of the final bonus paid to the former chairperson at the time of the 2017 AGM.

finnCap Ltd Nominated Adviser and Broker	Tel: [phone]
Stuart Andrews/William Marle/Giles Rolls

 

END

 

 

MSCUGUCCBUPRUQM