VietNam Holding Limited Estimated Weekly Net Asset Value (0581C)

TIDMVNH TIDMVNHW

RNS Number : 0581C

VietNam Holding Limited

10 April 2017

VietNam Holding Limited ("VNH" or the "Company")

Estimated Weekly Net Asset Value (NAV)

VNH announces that as at close of business on 7 April 2017, its Estimated NAV was USD 151.3 million or USD 2.805 per share.

Change in position as at 7 April 2017

 
                  VietNam Holding      VNAS Index 
                   (NAV per share)    (USD-adjusted) 
---------------  -----------------  ---------------- 
 Change 
  in position: 
---------------  -----------------  ---------------- 
 Last week             -0.46%             0.79% 
---------------  -----------------  ---------------- 
 Year-to-date          5.85%             11.84% 
---------------  -----------------  ---------------- 
 Last 5 
  years               140.57%            46.53% 
---------------  -----------------  ---------------- 
 

On 20 May 2015 VNH issued to its shareholders 19,977,746 warrants of which 19,377,348 warrants remain to be converted to subscribe for new ordinary shares in the Company at a price of US$1.998 per new ordinary share in issue (the "Warrants"). The Warrants currently have a final exercise date of 1 June 2017. On 21 April 2017, VNH's shareholders and warrant holders will vote on a proposed extension of the Warrants program, which would potentially add one more exercise date on 1 November 2017. The dilutionary impact of the exercise of all remaining Warrants would result in VNH's NAV per share being USD 2.592 as at 7 April 2017.

The last-week performance figures are calculated by reference to the previous week's NAV / VNAS positions. The year-to-date performance figures are calculated by reference to the NAV /VNAS positions at the end of the last calendar year (30 December 2016). The last 5 years performance figures are calculated by reference to the NAV / VNAS positions as at 30 March 2012. VNAS performances are sourced from Bloomberg. Bloomberg uses the back-tested positions for VNAS for the period before 27 January 2014, which were released by the HoSE.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

For further information, please contact:

VietNam Holding Asset Management Limited

Gyentsen Zatul

Investor Relations

Telephone: [phone]

[e-mail]

www.vietnamholding.com

The Estimated Weekly NAV stated in this announcement is based on estimated valuations and accordingly the Company accepts no responsibility for the accuracy of the Estimated Weekly NAV figure given, and neither is any responsibility implied. The actual month end NAV in any month may vary from the Estimated Weekly NAV's provided in the relevant month. Accordingly, no reliance should be placed on the Estimated Weekly NAV and it has been provided for indicative purposes only.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 10, 2017 05:52 ET (09:52 GMT)