Final Exercise of Warrants

RNS Number : 0872Q

VietNam Holding Limited

09 October 2013

 



VietNam Holding Limited

('VNH' or the 'Company')

Final Exercise of Warrants

Further to the announcement made by the Company on 27 September 2013, the Company has been informed by the Final Subscription Trustee (the "Trustee"), that it has exercised 2,450,667 outstanding Warrants. Accordingly, 2,450,667 new Ordinary Shares of the Company have been allotted by the Company and sold in the market at a small premium to the exercise price and associated costs. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares and application has been made for the new Ordinary Shares to be admitted to AIM, a market operated by the London Stock Exchange.

The Trustee will distribute pro rata the net proceeds from the sale of the new Ordinary Shares arising from this exercise to holders of the unexercised warrants following the Final Exercise day, save that, entitlements of under US$5 per holder shall be retained for the benefit of the Company or, at the Company's discretion, donated to a charity of the Company's choice.  5,238,909 Warrants were not exercised by the Trustee and will now lapse.  

Following the issue of these new Ordinary Shares, the Company's share capital consists of 63,810,708 Ordinary Shares (excluding shares held in treasury). 3,726,532 Ordinary Shares will remain in treasury.

For more information please contact:

VietNam Holding Asset Management Limited

Gyentsen Zatul

Investor Relations

Telephone: [phone]                       

Oriel Securities Limited (Nominated Adviser and Broker)

Stewart Wallace / Neil Winward

Telephone: [phone]     

 

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