Vietnam Infrastructure Limited Result of Compulsory Repurchase (5362H)
August 18 2016 - 4:23AM
UK Regulatory
TIDMVNI TIDMVNIL
RNS Number : 5362H
Vietnam Infrastructure Limited
18 August 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN OR INTO OR FROM AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR
THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH RELEASE,
PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
18 August 2016
For Immediate Release
Vietnam Infrastructure Limited
(the "Company")
Result of Compulsory Repurchase
The Company announces today that all remaining 107,281,741
Listed Portfolio Shares (AIM: VNIL) have been compulsorily
repurchased as at the Final Date in exchange for Class A VVF
Shares. The compulsory repurchase closed on Wednesday, 17 August
2016 at 5:00 pm Singapore time.
The Company will satisfy the compulsory repurchase by
transferring to the Shareholders, in aggregate, 3,288,435.511 Class
A VVF Shares. Shareholders' accounts (including those held through
Euroclear and/or Clearstream) are expected to be credited on or
around Thursday, 25 August 2016 in respect of Class A VVF
Shares.
Following the compulsory repurchase no Listed Portfolio Shares
will remain in issue and the admission of the Listed Portfolio
Shares to trading on AIM under the ticker VNIL will be cancelled
with effect from 7:00 a.m. (UK time) on 18 August 2016. The Private
Equity Shares (AIM:VNI) will continue to trade as normal.
Holders of Class A VVF Shares can redeem all or part of their
shareholding by applying to redeem their Class A VVF Shares in
accordance with the requirements set out in the Forum One
Prospectus and VVF Data Sheet. Class A VVF Shares can be redeemed
on each Valuation Day (the "Redemption Day"). A Valuation Day is
each business day in Luxembourg and Vietnam with the exception of
Good Friday, 24 December (Christmas Eve) and any other day on which
the stock exchanges in Vietnam are closed. Redemption forms must be
received by Edmond de Rothschild Asset Management (Luxembourg) by
6:00 pm Luxembourg time three (3) business days before the relevant
Redemption Day. It is expected that the first Redemption Day
following the compulsory repurchase, after Shareholders' accounts
are credited with Class A VVF Shares, will be 31 August 2016, and
redemption forms will need to be received by Edmond de Rothschild
Asset Management (Luxembourg) by 6:00 pm Luxembourg time on 26
August 2016. A copy of the most recent Forum One Prospectus, VVF
Data Sheet and VVF investor pack with the relevant redemption forms
are available on the website of VinaWealth Fund Management JSC (the
Investment Manager to VVF) at
http://www.vinawealth.vn/en/vinacapital-fund/.
Defined terms used in this announcement have the same meaning as
ascribed to them in the compulsory repurchase circular to
Shareholders dated 21 July 2016.
Enquiries
For further information, please contact:
Vietnam Infrastructure Limited
Rupert Carington Tel: +44 (0)20 7260 1000
VinaCapital Investment Management Limited
Tony Hsun Tel: +84 8 3821 9930
Numis Securities Limited, Broker
David Benda / Hugh Jonathan Tel: +44 (0)20 7260 1000
funds@numis.com
Grant Thornton UK LLP, Nominated Adviser
Philip Secrett Tel: +44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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August 18, 2016 04:23 ET (08:23 GMT)
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