Change to Management Fee

RNS Number : 1215L

Vietnam Enterprise Investments Ltd

14 July 2017

 

COMPANY ANNOUNCEMENT

For Immediate Release                                                                                            14 July 2017

Vietnam Enterprise Investments Limited

Change to Management Fee

The Board of Vietnam Enterprise Investments Limited (the "Company" or "VEIL") is pleased to announce a change to the Company's management fee structure.

With effect from 1 August 2017, the annual management fee payable to the Company's Investment Manager, Enterprise Investment Management Limited, will be amended from the current 2.00% of net assets per annum as follows: the current fee of 2.00% per annum will continue to apply to the first US$1.25bn of VEIL's net assets but shall reduce to 1.75% per annum for net assets between US$1.25bn and US$1.5bn and further reduce to 1.50% per annum for net assets above US$1.5bn.

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014.  Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Enquiries:

Vietnam Enterprise Investments Ltd                  Rachel Hill

                                                                        [e-mail]

                                                                        [phone]

Jefferies International Limited                           Stuart Klein

                                                                       [e-mail]                                                                                                                                                    [phone]

Smithfield                                                         Mav Wynn            

                                                                        [e-mail]         

                                                                        [phone]

 

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