VinaCapital Vietnam Opp. Fund Ld Share buyback (7722Z)
December 15 2014 - 7:07AM
UK Regulatory
TIDMVOF
RNS Number : 7722Z
VinaCapital Vietnam Opp. Fund Ld
15 December 2014
15 December 2014
VinaCapital Vietnam Opportunity Fund Limited
Share buyback
VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company')
announces that on 12 December 2014, 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 278,000 Ordinary Shares of USD0.01 each at an
average price of USD2.514 per share.
Following this transaction, VOF has spent USD196.4 million
overall repurchasing 97,612,983 shares which are held as treasury
shares and have reduced the total voting rights in the Company to
226,997,276. The total number of shares acquired since November
2011 represents 30.1% of the Company's 324,610,259 ordinary shares
in issue. As a result of the Company's share buyback programme, VOF
has recorded USD0.38 in cumulative accretion, equating to a 13.0%
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
+84 8 3821 9930
david.dropsey@vinacapital.com
Philip Secrett
Grant Thornton UK LLP, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
Hiroshi Funaki / Andrew Davies
Edmond de Rothschild Securities, Broker
+44 (0)20 7845 5960
funds@lcfr.co.uk
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
funds@numis.com
Andrew Walton
FTI Consulting, Public Relations (London)
+44 (0)20 7269 7204
andrew.walton@fticonsulting.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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