Share buyback

RNS Number : 0564G

VinaCapital Vietnam Opp. Fund Ld

25 June 2012

 



25 June 2012

VinaCapital Vietnam Opportunity Fund Limited

Share buyback

VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 22 June 2012, 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 175,000 Ordinary Shares of US$0.01 each at an average price of US$1.46 per share. 

Following this transaction, VOF has spent USD17.8 million overall repurchasing 12,074,663 shares which are held as treasury shares. This represents 3.7 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 312,535,596.

Today marked a special day regarding the macroeconomic environment in Vietnam. According to the General Statistics Office, Consumer prices rose by just 6.9 percent year-over-year in June, the lowest level in more than two years. Vietnam policy makers have successfully managed to bring down inflation, one of the main culprits hindering domestic equity markets. 

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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