Cancellation of Treasury Shares

RNS Number : 6166O

VietNam Holding Limited

01 June 2015

 



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

Cancellation of Treasury Shares

At the 2012 Extraordinary General Meeting of VNH, changes to the Company's share repurchase programme were adopted to allow the Company to hold shares in treasury.  The Company stated at that time its intention to cancel any ordinary shares of par value $1 each ("Ordinary Shares") that have been held in treasury (the "Treasury Shares") for a period of three years.

Accordingly, the Company announces that on 31 May 2015, it cancelled 101,501 Ordinary Shares, which it held as Treasury Shares.

The cancellation of these Treasury Shares will not impact on the number of warrants to subscribe for Ordinary Shares to be issued on or around 5 June 2015 pursuant the prospectus published by the Company on 20 May 2015 (the "Bonus Issue"). Further details of the Bonus Issue are set out in the Prospectus.

Following the above cancellation, VNH will then have 59,898,239 Ordinary Shares with voting rights in issue (excluding the Treasury Shares) and 7,537,500 Treasury Shares.

For more information please contact:

VietNam Holding Asset Management Limited	Tel: [phone]
Gyentsen Zatul - Investor Relations [e-mail] www.vietnamholding.com
Altium Capital Limited (Nominated Adviser)	Tel: [phone]
Tim Richardson
Winterflood Investment Trusts (Broker)	Tel: [phone]
Joe Winkley / Neil Langford
Buchanan Communications	Tel: [phone]
Charles Ryland / Sophie McNulty

 

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