Share buyback

RNS Number : 0393D

VinaCapital Vietnam Opp. Fund Ld

24 March 2014

 



24 March 2014

VinaCapital Vietnam Opportunity Fund Limited

Share buyback

VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 21 March 2014, 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 21 January 2014, Visaka Holdings Limited, a wholly-owned subsidiary of the Company, purchased 251,454 Ordinary Shares of USD0.01 each at an average price of USD2.5618 per share.

Following this transaction, VOF has spent USD149.1 million overall repurchasing 79,258,438 shares which are held as treasury shares. The total number of shares acquired since November 2011 represents 24.42 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 245,351,821.

Year-to-date, the VN Index has increased substantially, rising approximately 16 percent, outperforming the returns being produced by other emerging markets. Valuations have risen quite sharply and are now at levels that are comparable to regional averages.  Investors have once again redirected their attention on the investment opportunities in Vietnam and are continuously looking at VOF as a way to access a broad range of asset classes and sectors in the country.

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 UK LLP, Nominated Adviser

[phone]

[e-mail]

Hiroshi Funaki / Andrew Davies

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

 

 

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