Share buyback

RNS Number : 0083T

VinaCapital Vietnam Opp. Fund Ld

07 December 2012

 



7 December 2012

VinaCapital Vietnam Opportunity Fund Limited

Share buyback

VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 6 December 2012, 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 1,000,000 Ordinary Shares of USD0.01 each at an average price of USD1.70 per share.

Following this transaction, VOF has spent USD58.9 million overall repurchasing 37,191,670 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 287,418,589.

VOF recently started repurchasing shares via Edmond de Rothschild Securities. Management and the Board remain fully committed to the current share buyback programme and feel it is the best method for returning capital to shareholders. Since the beginning of September 2012, the share price of VOF has increased from USD1.63 to USD1.71, representing a three month return of approximately 4.9 percent. VOF's current share price to NAV discount is 31.6 percent when compared to a NAV per share of USD2.50 as at 31 October 2012, up from 33.7 percent as at 30 September 2012.

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

LCF Edmond de Rothschild Securities, Broker

[phone]

[e-mail]  

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

[phone]

[e-mail]

Mark Walters

FTI Consulting, Public Relations (Hong Kong)

[phone]

[e-mail] 

Andrew Walton

FTI Consulting, Public Relations (London)

[phone]

[e-mail]

 

END

 

 

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