Board Changes

RNS Number : 7815W

VinaCapital Vietnam Opp. Fund Ld

03 February 2012

 



03 February 2012

VinaCapital Vietnam Opportunity Fund Limited

Director Resignation

The Board of Directors ("the Board") of VinaCapital Vietnam Opportunity Fund Limited ("the Company"), an investment company focused on Vietnam, announces that Mr. Horst Geicke has resigned as a Non-executive Director of the Company with immediate effect.

Mr. Geicke has been a Director of the Company since its inception in 2003, and resigns now to reduce the investment manager's representation on the Board from two to one.  Mr. Geicke was a founding member of VinaCapital Group, the Company's investment manager, and he remains in this role.

Commenting on the resignation of Mr. Geicke, the Company's Chairman Mr. William Vanderfelt said "We appreciate Horst's decision to resign from the Board as a commitment to strengthen the Board's independence from the investment manager.  The Board and the investment manager would like to express their sincere gratitude to Horst for his many contributions to the Company during his tenure, which reaches back to the initial AIM admission of the Company with gross assets of USD9.5 million in 2003.  On behalf of the Board, I wish Horst all the best with his future endeavours."

Enquiries:

Ms. Nguyen Duc Huong
Public Relations Director
VinaCapital Group
tel: [phone]
[e-mail]

Mr. David Dropsey
Manager, Investor Relations and Communications
VinaCapital Group
tel: [phone]
[e-mail]

Philip Secrett

Grant Thornton Corporate Finance, Nominated Adviser

[phone]

[e-mail]

Hiroshi Funaki

LCF Edmond de Rothschild Securities, Broker

[phone]

[e-mail]  

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

[phone]

[e-mail]

Mark Walters

FTI Consulting, Public Relations (Hong Kong)

[phone]

[e-mail] 

Andrew Walton

FTI Consulting, Public Relations (London)

[phone]

[e-mail]

VinaCapital Group

VinaCapital is the leading investment management and real estate development firm in Vietnam, with a diversified portfolio of almost USD2.0 billion in assets under management. VinaCapital was founded in 2003 and boasts a team of managing directors who bring extensive international finance and investment experience to the firm. VinaCapital manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These funds, at a combined net asset value (NAV) of USD1.7 billion as of December 2010, make VinaCapital the largest asset manager focused on Vietnam and its neighbouring countries. VinaCapital has offices in Ho Chi Minh City, Hanoi, Danang, Nha Trang, Phnom Penh (Cambodia) and Singapore.

More information about VinaCapital is available at www.vinacapital.com.

 

END

 

 

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