Share buyback

RNS Number : 9342W

VinaCapital Vietnam Opp. Fund Ld

01 February 2013

 

1 February 2013

VinaCapital Vietnam Opportunity Fund Limited

Share buyback

VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 31 January 2013, 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 25 January 2013, Visaka Holdings Limited, a wholly-owned subsidiary of the Company, purchased 168,249 Ordinary Shares of USD0.01 each at an average price of USD2.05 per share.

Following this transaction, VOF has spent USD59.2 million overall repurchasing 37,359,919 shares which are held as treasury shares. The total number of shares acquired since November 2011 represents 11.5 percent of the Company's 324,610,259 Ordinary Shares in issue and as a result, total voting rights in the Company have been reduced to 287,250,340.

During the month of January, the share price of VOF increased by 11.4 percent, in line with the VN Index which increased 14.7 percent over the same period. As a result, VOF's current share price to NAV discount is 20.5 percent when compared to a NAV per share of USD2.58 as at 31 December 2012. Speaking on the recent gains, VOF's Managing Director, Andy Ho commented, "Over the past several months, we have successfully exited some investments at very good valuations, demonstrating the quality of assets within VOF's portfolio. Combining this with a renewed interest in Vietnamese public equities, we are now seeing strong interest from existing shareholders as well as an increasing demand from new investors in VOF."

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 Corporate Finance, Nominated Adviser

[phone]

[e-mail]

Hiroshi Funaki

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

 

 

POSNKDDDBBKDBBK