Share buyback

RNS Number : 6916Z

VinaCapital Vietnam Opp. Fund Ld

11 March 2013

 



11 March 2013

VinaCapital Vietnam Opportunity Fund Limited

Share buyback

VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 8 March 2013, pursuant to the share buyback authority granted to the Company's Board of Directors on 25 October 2011 and in accordance with the terms referenced in the share buyback programme update announcement on 25 January 2013, Visaka Holdings Limited, a wholly-owned subsidiary of the Company, purchased 308,879 Ordinary Shares of USD0.01 each at an average price of USD2.07 per share.

Following this transaction, VOF has spent USD60.3 million overall repurchasing 37,850,374 shares which are held as treasury shares. The total number of shares acquired since November 2011 represents 11.7 percent of the Company's 324,610,259 Ordinary Shares in issue and as a result, total voting rights in the Company have been reduced to 286,759,885.

The share price of VOF closed at USD2.08 as at 8 March 2012, an increase of 13.0 percent year to date. As a result, the Company's current share price discount is currently 23.0 percent based on a 28 February 2012 net asset value per share of USD2.70.

More information on the Company is available at www.vinacapital.com/vof

Enquiries:

David Dropsey

VinaCapital Investment Management Limited

Investor Relations/Communications

[phone]

[e-mail]

Philip Secrett

Grant Thornton Corporate Finance, Nominated Adviser

[phone]

[e-mail]

Hiroshi Funaki

Edmond de Rothschild Securities, Broker

[phone]

[e-mail]  

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

[phone]

[e-mail]

Andrew Walton

FTI Consulting, Public Relations (London)

[phone]

[e-mail]

 

END

 

 

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