Share buyback

RNS Number : 1387G

VinaCapital Vietnam Opp. Fund Ld

03 June 2013

 



3 June 2013

VinaCapital Vietnam Opportunity Fund Limited

Share buyback

VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 31 May 2013, pursuant to the share buyback authority granted to the Company's Board of Directors on 25 October 2011, Visaka Holdings Limited, a wholly-owned subsidiary of the Company, purchased 1,592,000 Ordinary Shares of USD0.01 each at an average price of USD2.124 per share.

Following this transaction, VOF has spent USD93.4 million overall repurchasing 53,611,665 shares which are held as treasury shares. The total number of shares acquired since November 2011 represents 16.5 percent of the Company's 324,610,259 Ordinary Shares in issue and as a result, total voting rights in the Company have been reduced to 270,998,594.

The Company's share price closed at USD2.13 as at 31 May 2013, representing a year to date increase of 15.8 percent from USD1.84 at the end of December 2012. According to Bloomberg, VOF's shares are currently trading at a four and a half year high, having last reached this level in September 2008. As a result, VOF's share price to NAV discount is now 22.8 percent based on a 31 March 2013 NAV per share of USD2.76.

More information on the Company is available at www.vinacapital.com/vof

Enquiries:

David Dropsey

VinaCapital Investment Management Limited

Investor Relations/Communications

[phone]

[e-mail]

Philip Secrett

Grant Thornton Corporate Finance, Nominated Adviser

[phone]

[e-mail]

Hiroshi Funaki

Edmond de Rothschild Securities, Broker

[phone]

[e-mail]  

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

[phone]

[e-mail]

Andrew Walton

FTI Consulting, Public Relations (London)

[phone]

[e-mail]

 

END

 

 

POSNKNDKDBKDAAK