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Vietnam Enterprise (VEIL)

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Tuesday 14 June, 2022

Vietnam Enterprise

Directorate and Committee Change

RNS Number : 7736O
Vietnam Enterprise Investments Ltd
14 June 2022
 

COMPANY ANNOUNCEMENT

 

For Immediate Release    

14 June 2022

Vietnam Enterprise Investments Limited

("VEIL" or the "Company")

 

Re: Directorate Change

 

Mr. Stanley Chou has informed the Board that he will step down as Chair of the Company and resign from the Board, both effective 30 June 2022. Mr. Chou had served as a director of Vietnam Growth Fund Limited, a fund also managed by the Dragon Capital Group, until its merger with VEIL, following which Mr. Chou joined the Board of VEIL in January 2016.

 

The Board would like to thank Mr. Chou for his valuable contribution during his time on the Board, and his guidance as Chair, during which time the Company has significantly grown its assets under management, including via the merger with Vietnam Growth Fund Limited, and has also listed on the Official List and admitted its shares to trading on the main market of the London Stock Exchange.

 

The Board has elected Mr. Gordon Lawson, currently senior independent non-executive director, to replace Mr. Chou as Chair of the Company after Mr. Chou steps down on 30 June 2022. Ms. Entela Benz-Saliasi shall replace Mr. Lawson as the senior independent non-executive director. All Directors will again offer themselves for re-election (or in the case of Sarah Arkle, election) to the Board at the next Annual General Meeting of the Company in accordance with corporate governance best practice.

 

In light of the above changes, the Board of Directors is also pleased to announce that, with effect from 1 July 2022, the Board committees will be reconstituted as follows:

 

Committee

Chair

Member

Member

Audit and Risk

Entela Benz-Saliasi

S arah Arkle

Low Suk Ling

Management Engagement

S arah Arkle

G ordon Lawson

Vi Peterson

Nomination and Remuneration

Vi Peterson

Entela Benz-Saliasi

Low Suk Ling

 

Enquiries:

 

Dragon Capital

Rachel Hill

[email protected] 

+44 7971214852

 

Jefferies International Limited

Stuart Klein

[email protected]

+44 (0) 20 7029 8703

 

Buchanan

Charles Ryland / Henry Wilson / George Beale

Phone: +44 20 7466 5111

[email protected]

 

VEIL's LEI code is 213800SYT3T4AGEVW864

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