Upcoming Warrant Exercise Date

RNS Number : 4274Z

VietNam Holding Limited

26 May 2016

 

VietNam Holding Limited ("VNH" or the "Company")

Upcoming Warrant Exercise Date

On 19 May 2015, the Company issued a prospectus in relation to a bonus issue of warrants to shareholders pro rata, on the basis of one warrant for every three ordinary shares held in the Company (the "Warrants"). The Warrants are capable of exercise on 1 June 2016, 1 December 2016 and 1 June 2017 at an exercise price of USD 1.998 per Warrant (the "Exercise Price").  A total of 19,977,746 Warrants were issued and were admitted to trading on AIM.

Warrantholders who wish to exercise their Warrants on the first exercise date of 1 June 2016 should follow the instructions below.

Further details of the terms of the Warrants are contained in the prospectus referred to above, a copy of which is available on the Company's website at: http://www.vietnamholding.com/investor-relations/vnh-warrants. 

Warrants held in uncertificated form (that is, in CREST)

For Warrants held (as Depository Interests) in uncertificated form, Warrants can be exercised by utilising USE instructions within Euroclear's CREST system.

The USE Instruction must be properly authenticated in accordance with Euroclear's specifications and, in addition to the information that is required for settlement in Euroclear, the USE Instruction must contain the following details:

(i)         number of Warrant Depositary Interests to be exercised;

(ii)        aggregate amount payable on exercise;

(iii)        Participant ID of the Warrant Depositary Interest Holder;

(iv)        Member account ID of the Warrant Depositary Interest Holder;

(v)         Participant ID of the Receiving Agent.  This is RA06;

(vi)        Member account ID of the Receiving Agent.  This is 40329VHL;

(vii)       corporate action number.  This will be displayed on the corporate actions details page;

(viii)     corporate action warrant International Securities Identification Number (ISIN).  This is KYG9361X1209;

(ix)        intended settlement date.  This shall be no later than 01 June 2016; and

(x)         contact name and telephone number inserted in the shared note field.

In order for a USE Instruction to be valid, the USE Instruction must comply with the requirements as to authentication and contents set out above and must settle by not later than 5.00 p.m. (London time) on 01 June 2016.

The Company will announce the number of Warrants exercised shortly after the first exercise date has occurred.

For further information, please contact:

VietNam Holding Asset Management Limited	Tel: [phone]
Investor Relations Gyentsen Zatul [e-mail] www.vietnamholding.com
Smith & Williamson Corporate Finance Limited Nominated Adviser	Tel: [phone]
Azhic Basirov / Ben Jeynes
Winterflood Investment Trusts Broker	Tel: [phone]
Joe Winkley / Neil Langford

The announcement is solely intended as a reminder of Warrantholders' right to subscribe for Shares and is not intended to convey in any way a recommendation by the Directors as to whether or not Warrantholders should exercise that right.  In this respect, if you require advice, Warrantholders should contact an independent financial adviser authorised pursuant to the Financial Services and Markets Act 2000. 

Further, this announcement is for information purposes only and does not itself constitute an offer or invitation to subscribe for or otherwise acquire or dispose of any securities in the Company and does not constitute investment advice.

Neither this announcement nor any copy of it may be taken or transmitted, published or distributed, directly or indirectly, into the United States, Australia, Canada, Japan or South Africa or to any persons in any of those jurisdictions or any other jurisdiction where to do so would constitute a violation of the relevant securities laws of such jurisdiction. Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian, Japanese or South African securities laws. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe any such restrictions.

 

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