Exercise of Warrants

RNS Number : 5616D

VietNam Holding Limited

30 April 2013

 



VietNam Holding Limited

Warrant Exercise and Issue of Equity

Exercise of Warrants

The Board of VietNam Holding Limited ("VNH" or the "Company") announces that subject to listing, it issued 221,750 new ordinary shares following the exercise of subscription rights by holders of VNH's warrants. The new ordinary shares will rank pari passu with the existing ordinary shares.

It is expected that admission and commencement of dealings in the new ordinary shares on AIM, a market operated by the London Stock Exchange, will take place at 8.00 a.m. on 3 May 2013.

Following admission, there will be 53,825,792 ordinary shares (excluding shares held in treasury) and 17,939,357 warrants with subscription rights in issue. 1,011,000 ordinary shares will remain in treasury.

Director Dealing

Professor Dr. Rolf Dubs, a director of the Company, applied to exercise 10,000 subscription rights on his warrants, entitling him to subscribe for 10,000 new ordinary shares, on the basis of one warrant for one share, at an exercise price of US$1.196. Following allotment of the shares on 29 April 2013, Professor Dr. Rolf Dubs holds a beneficial interest in a total of 20,000 Ordinary Shares representing 0.037% of the ordinary share capital of the Company and 15,000 warrants with subscription rights.

Future Exercise Date

The final exercise date for the warrants will be 25 September 2013 and a further reminder of this will be sent to the remaining warrant holders in due course.

For further information, please contact:

VietNam Holding Asset Management Limited

Gyentsen Zatul

Telephone: [phone]

Investor Relations

Oriel Securities Limited (Nominated Adviser and Broker)

Joe Winkley / Neil Winward

Telephone: [phone]

 

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