Share buyback

RNS Number : 8765N

VinaCapital Vietnam Opp. Fund Ld

03 October 2012

 



3 October 2012

VinaCapital Vietnam Opportunity Fund Limited

Share buyback

VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 2 October 2012, pursuant to the share buyback authority granted to the Company's Board of Directors on 25 October 2011 and in accordance with the terms referenced in the share buyback programme update announcement on 31 July 2012, Visaka Holdings Limited, a wholly-owned subsidiary of the Company, purchased 500,000 Ordinary Shares of USD0.01 each at an average price of USD1.63 per share.

Following this transaction, VOF has spent USD46.0 million overall repurchasing 29,673,131 shares which are held as treasury shares. The total number of shares acquired since November 2011 represents 9.14 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 294,937,128.

Since the beginning of July, the share price of VOF has increased from USD1.51 to USD1.63, representing a three month return of approximately 7.8 percent. VOF's current share price to NAV discount is 31.9 percent when compared to a NAV per share of USD2.39 as at 30 September 2012, down from 38.3 percent as at 30 June 2012, partially a result of the share buyback program and some renewed interest from new and existing investors in acquiring shares of the Company.

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

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]

 

END

 

 

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