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Vietnam Phoenix Fd L (IRSH)

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Thursday 19 September, 2019

Vietnam Phoenix Fd L

Redemption of Class C Share

RNS Number : 9733M
Vietnam Phoenix Fund Limited
19 September 2019
 

COMPANY ANNOUNCEMENT

 

 

For Immediate Release

19 September 2019

 

VIETNAM PHOENIX FUND LIMITED

 

Re: Redemption of Class C share

The Directors of Vietnam Phoenix Fund Limited (the "Company") announce a redemption of a pro rata share of 8 per cent of each investors Class C Shares (ISIN KYG2886W1078) ("Private Equity Shares").

In accordance with the Investment Objective for the Private Equity Shares -- to realise assets in an orderly manner that seeks to achieve a balance between maximising the value of the assets and returning cash to holders of Private Equity Shares promptly by means of pro rata redemptions of registered holdings of Private Equity Shares - the Company announces a redemption of 8 per cent of the Private Equity Shares outstanding as at 23 September 2019 (5pm Dublin time). Redemptions will be allocated pro rata to each registered shareholder's total Private Equity Shares, subject to rounding down fractional entitlements to redemption to the nearest whole Private Equity Share.

The redemption price will be based on the net asset value of the Private Equity Shares as at 30 August 2019 (USD 0.2609 per share). The value date of payment shall be 26 September 2019. 

The Company intends to announce on 24 September 2019 the number of shares redeemed at the redemption price.

 

Enquiries:

 

Vietnam Phoenix Fund Limited                                               [email protected]

Scott Weldon
Duxton Asset Management Pte Ltd                                                                    [email protected]

                                                                                                                                T: +65 6511 0362

 

 

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 


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