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TIDMVOF
RNS Number : 0564G
VinaCapital Vietnam Opp. Fund Ld
25 June 2012
25 June 2012
VinaCapital Vietnam Opportunity Fund Limited
Share buyback
VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 22 June 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 175,000 Ordinary Shares of US$0.01 each at an average price of US$1.46 per share.
Following this transaction, VOF has spent USD17.8 million overall repurchasing 12,074,663 shares which are held as treasury shares. This represents 3.7 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 312,535,596.
Today marked a special day regarding the macroeconomic environment in Vietnam. According to the General Statistics Office, Consumer prices rose by just 6.9 percent year-over-year in June, the lowest level in more than two years. Vietnam policy makers have successfully managed to bring down inflation, one of the main culprits hindering domestic equity markets.
More information on the Company is available at www.vinacapital.com/vof
Enquiries:
David Dropsey
VinaCapital Investment Management Limited
Investor Relations/Communications
+84 8 821 9930
david.dropsey@vinacapital.com
Philip Secrett
Grant Thornton Corporate Finance, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
Hiroshi Funaki
LCF Edmond de Rothschild Securities, Broker
+44 (0)20 7845 5960
funds@lcfr.co.uk
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
d.benda@numis.com
Mark Walters
FTI Consulting, Public Relations (Hong Kong)
+852 3716 9802
mark.walters@fticonsulting.com
Andrew Walton
FTI Consulting, Public Relations (London)
+44 (0)20 7269 7204
andrew.walton@fticonsulting.com
This information is provided by RNS
The company news service from the London Stock Exchange
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