Publication of Prospectus

RNS Number : 7382N

VietNam Holding Limited

20 May 2015

 



Not for release, publication or distribution (in whole or in part), directly or indirectly, in, into or from any restricted jurisdiction (including EEA Member States (with the exception of the United Kingdom and, subject to certain limitations, Luxembourg), Australia, Canada, Japan, New Zealand, South Africa and the United States) or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

20 May 2015

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

Bonus issue of Warrants (the "Bonus Issue")

Publication of prospectus

Following approval of the Bonus Issue at the Company's general meeting held on 23 April 2015, a prospectus has been issued by the Company in connection with the Bonus Issue (the "Prospectus").

An electronic copy of the Prospectus (incorporating an AIM Admission Document) is available on the Company's website at www.vietnamholding.com/investor-relations/vnh-warrants. A copy of the Prospectus will also be submitted to the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.

The Bonus Issue remains conditional, inter alia, upon the admission to trading of the Warrants on the AIM Market of the London Stock Exchange ("Admission").

Eligibility for the Bonus Issue

As further described in the Prospectus, the Warrants will only be issued to Qualifying Shareholders who confirm their eligibility to receive the Warrants. Such eligibility requirements are resultant from pre-existing securities law restrictions applicable to certain jurisdictions such as the United States of America and also, as a result of recent regulatory changes, most member states of the European Economic Area ("EEA").

As such, the Bonus Issue will not be extended to, and the Warrants will not be issued to and may not subsequently be exercisable by VNH shareholders who are resident in, or citizens of EEA member states (with the exception of the United Kingdom and, subject to certain limitations, Luxembourg), Australia, Canada, Japan, New Zealand, South Africa and the United States of America.

Notwithstanding the above, the Company will reserve the right to permit any VNH shareholder to receive Warrants under the Bonus Issue, if the Company, in its sole and absolute discretion, is satisfied that the transaction in question is exempt from, or not subject to, the applicable restrictive legislation or regulations.

Information on how Qualifying Shareholders should confirm that they are eligible to receive Warrants is explained in the Prospectus.

Expected timetable of principal events of the Bonus Issue

	2015
Date of Prospectus / Admission Document	19 May
Record Date for the Bonus Issue	20 May
Latest time for lodging Eligibility Form or Electronic Certification	11.00 a.m. on 3 June
Admission; delivery of the Depository Interests representing Warrants into CREST; and commencement of dealings in the Warrants	5 June
Certificates issued in respect of the Warrants (if applicable)	by 19 June
	2016
First Warrant exercise date	1 June
Second Warrant exercise date	1 December
	2017
Final Warrant exercise date	1 June

The times and dates set out above may be adjusted by the Company, in which event details of the new times and dates will be notified, as required, to the London Stock Exchange, and, where appropriate, to VNH shareholders.

Terms and expressions used in this announcement which are otherwise undefined will have the meanings given to them in the Prospectus.

For further information please contact:

VietNam Holding Asset Management Limited	Tel: [phone]
Gyentsen Zatul - Investor Relations
Altium Capital Limited (Nominated Adviser)	Tel: [phone]
Tim Richardson / Declan O'Connor
Winterflood Investment Trusts (Broker)	Tel: [phone]
Joe Winkley / Neil Langford
Buchanan Communications	Tel: [phone]
Charles Ryland / Sophie McNulty

About VNH

VNH is a closed end fund listed on the AIM Market of the London Stock Exchange and the Entry Standard Market of the Frankfurt Stock Exchange. VNH's portfolio is actively managed by Vietnam Holding Asset Management Limited, an investment management company with offices in Ho Chi Minh City and Zurich, which specializes in the development and management of Vietnamese equity funds.

 

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