Proposed Issue of Warrants

RNS Number : 3817Z

VietNam Holding Limited

15 March 2012

 



VietNam Holding Limited

15 March 2012

15 March 2012

VietNam Holding Limited

Proposed Issue of Warrants

VietNam Holding Limited (the "Company") (AIM: VNH) today announces its intention to make a bonus issue of warrants ("Warrants") to shareholders pro rata on the expected basis of one Warrant for every three ordinary shares ("Shares") held. 

The issue of the Warrants will be subject (inter alia) to the approval of shareholders at an extraordinary general meeting and the subsequent publication of a prospectus of the Company.  Further details of the proposed issue will be set out in a circular expected to be despatched to shareholders shortly, together with notice of an extraordinary general meeting intended to be held in April 2012. 

The terms of the Warrants are expected to include:

·      One Warrant for every three Shares held;

·      A single exercise date upon maturity expected to be around mid-December 2012;

·      An exercise price equivalent to the Net Asset Value per Share as at 29 February 2012, being US$1.196 per share;

·      Other provisions usual for such instruments including those relating to adjustments, protections and procedures for modification of rights; and

·      Application will be made for the Warrants to be listed on the AIM market in London.

An announcement with further details will be made shortly.

For more information please contact:

VietNam Holding Asset Management Ltd

Gyentsen Zatul, Investor Relations

Telephone: [phone]

Oriel Securities Limited - Nominated Adviser

Joe Winkley

Sapna Shah

Telephone: [phone]

 

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