Estimated Weekly Net Asset Value

RNS Number : 4405S

VietNam Holding Limited

02 October 2017

 

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

Estimated Weekly Net Asset Value (NAV)

VNH announces that as at close of business on 29 September 2017, its Estimated NAV was USD 200.3 million or USD 2.759 per share.

Change in position as at 29 September 2017

	VietNam Holding (NAV per share)	VNAS Index (USD-adjusted)
Change in position:
Last week	0.69%	-0.06%
Year-to-date	4.11%	26.23%
Last 5 years - CAGR	17.38%	12.42%

The Board has recently reviewed the methodology used to calculate and report NAV per share growth. Historically, the Company reported NAV per share growth after excluding the effects of warrant conversions. Following the exercise of the warrants in June 2017, the Directors now believe it more appropriate, for comparison purposes, to use historical NAV figures which are unadjusted and therefore include the effects of warrant conversions and share buy-backs. As a result, the figures in the table above are based on unadjusted NAV per share.

The last-week performance figures are calculated by reference to the previous week's NAV/VNAS positions. The year-to-date performance figures are calculated by reference to the NAV/VNAS positions at the end of the last calendar year (30 December 2016). The last 5 years CAGR (compound annual growth rate) figures are calculated by reference to the NAV/VNAS positions as at 28 September 2012. VNAS are sourced from Bloomberg. Bloomberg uses the back-tested positions for VNAS for the period before 27 January 2014, which were released by the HoSE.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

For further information, please contact:

VietNam Holding Asset Management Limited

Telephone: [phone]
[e-mail]
www.vietnamholding.com

The Estimated Weekly NAV stated in this announcement is based on estimated valuations and accordingly the Company accepts no responsibility for the accuracy of the Estimated Weekly NAV figure given, and neither is any responsibility implied. The actual month end NAV in any month may vary from the Estimated Weekly NAV's provided in the relevant month. Accordingly, no reliance should be placed on the Estimated Weekly NAV and it has been provided for indicative purposes only.

 

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