Investment of Incentive Fee by the Manager

VinaCapital Vietnam Opportunity Fd.

30 October 2024

 

VinaCapital Vietnam Opportunity Fund Limited

(the "Company" or "VOF")

LEI Number: 2138007UD8FBBVAX9469

Investment of incentive fee by VinaCapital Investment Management Ltd. (the "Investment Manger")

Following the publication of the Annual Report and Accounts for the year ended 30 June 2024, the Company has paid to the Investment Manager the sum of USD14,675,381 being the incentive fee due for the year. Under the terms of the Investment Management Agreement, 25% of this will be invested in shares in the Company.

Following the death of Andy Ho, the Chief Investment Officer of the Investment Manager, his estate wishes to sell the 579,253 shares in the Company which were beneficially owned by him. The Board of the Company has agreed that the Investment Manager may purchase these shares from Andy Ho's estate as part of its commitment to invest 25% of the incentive fee in shares in the Company. The balance of the Investment Manager's commitment will be met by purchases of shares in the market.

Enquiries:

Joel Weiden
Investment Manager - Investor Relations and Communications VinaCapital Investment Management Limited
T: [phone]
E: [e-mail]
Magdala Mullegadoo
Company Secretary / Administrator Aztec Financial Services (Guernsey) Limited
T: [phone]
E: [e-mail]

1.     References to VOF or the Company in this announcement shall mean VinaCapital Vietnam Opportunity Fund Limited, a non-cellular company incorporated in the Bailiwick of Guernsey under The Companies (Guernsey) Law, 2008, with registered number 61765. It is authorised by the Guernsey Financial Services Commission (reference number 2268242) as a registered closed-ended investment scheme under The Protection of Investors (Bailiwick of Guernsey) Law, 2020 and in compliance with the Registered Collective Investment Scheme Rules, as amended.

2.     The registered office address of the Company is East Wing, Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands, GY1 3PP.

3.     This announcement contains information that is inside information for the purposes of the UK version of the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018 (as amended and supplemented from time to time).

 

END