Share buyback

RNS Number : 0763R

VinaCapital Vietnam Opp. Fund Ld

08 September 2014

 



8 September 2014

VinaCapital Vietnam Opportunity Fund Limited

Share buyback

VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 5 September 2014, 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 13 August 2014, Visaka Holdings Limited, a wholly-owned subsidiary of the Company, purchased 197,000 Ordinary Shares of USD0.01 each at an average price of USD2.6556 per share.

Following this transaction, VOF has spent USD170.9 million overall repurchasing 88,108,031 shares which are held as treasury shares and have reduced the total voting rights in the Company to 236,502,228. The total number of shares acquired since November 2011 represents 27.14 percent of the Company's 324,610,259 ordinary shares in issue. As a result of the Company's share buyback programme, VOF has recorded USD0.39 in cumulative accretion, equating to a 13.0 percent benefit to VOF's net asset value per share.

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 UK LLP, Nominated Adviser

[phone]

[e-mail]

Hiroshi Funaki / Andrew Davies

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

 

 

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