Result of Tender Offer

RNS Number : 9987D

VietNam Holding Limited

02 November 2020

 

2 November 2020

VietNam Holding Limited

("VNH" or the "Company")

Result of Tender Offer

The latest time for acceptance of the Tender Offer was 1.00 p.m. on 29 October 2020. 7,585,249 Shares (representing 15% of the Shares outstanding) were validly tendered of which 6,788,235 Shares were in respect of Basic Entitlements and 27,872,333 Shares were in respect of Excess Applications. As a result, all valid tenders will be satisfied in full up to the Basic Entitlement and, following application of the scale-back mechanism (as set out in the circular sent to shareholders on 1 October 2020 ("Circular"), tenders in excess of the Basic Entitlement will be satisfied to the extent of 2.86% per cent. of the excess Shares tendered (each such satisfied entitlement being rounded down to the nearest whole number of Shares). Accordingly, 7,585,249 Shares will be purchased at the Tender Price, as determined in accordance with the terms and conditions of the Tender Offer as set out in Part 4 of the Circular. It is expected that the Tender Price will be announced the week commencing 9 November 2020.

As set out in the Circular, the Shares in respect of which tenders have been accepted will be purchased by finnCap Limited ("finnCap") pursuant to the Tender Offer and the Company will buy-back such Shares from finnCap for cancellation.

Total Voting Rights

As at 1 November 2020 and following the Tender Offer, the issued share capital of the Company comprised 42,933,078 Shares. All Shares have 1 vote per share.

Therefore, the total number of voting rights in the Company will be 42,933,078 and may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules (DTR).

Capitalised terms and expressions shall have the same meanings as those attributed to them in the Circular.

Enquiries:

Sanne Group (Guernsey) Limited Company Secretary	[phone]
Dynam Capital Limited Craig Martin	[phone]
finnCap Limited William Marle/Giles Rolls	[phone]

 

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