Share Buyback Programme

 

TIDMVOC 
 
RNS Number : 6519X 
Vision Opportunity China Fund Ltd 
09 December 2010 
 

  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO 
 THE 
            UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN 
                                9 December 2010 
        Vision Opportunity China Fund Limited 
(the "Company" or "VOC") 
            Share Buyback Programme Pursuant to Distribution Policy 
As at the date of this announcement, the minimum amount still to be distributed 
under the Company's distribution policy in respect of the year ended 30 
September 2010 is US$1.44 million.  The Board announces its intention to use 
that amount to buy back up to a maximum of 880,000 VOC ordinary shares 
("Shares"), representing 1.3% of the Company's current issued share capital, as 
and when they become available at volumes and prices the Board considers 
appropriate (the "Buy-back Programme"). 
Buy-backs of Shares pursuant to the Buy-back Programme will be effected in 
accordance with the Company's current general authority to buy back Shares, 
which expires at the next annual general meeting of the Company which has been 
convened for 26 January 2011, and within certain pre-set parameters, including 
that the maximum price paid per Share will be no more than 105% of the average 
middle market closing price of a Share for the five days preceding the date of 
acquisition.  Furthermore, no buy-back of Shares will be undertaken unless it 
enhances the net asset value per Share for remaining shareholders. 
Given the level of liquidity in the Shares, the Company may buy back in any one 
day more than 50% of the average daily volume over the preceding 20 days. 
Shares acquired pursuant to the Buy-back Programme will be cancelled and the 
acquisition will be notified to a Regulatory Information Service immediately 
following each acquisition. 
The Company currently has no unpublished price sensitive information. 
For further information, please contact: 
Vision Opportunity China Fund Limited                  Tel: [phone] 
8225 
 David Benway/Adam Benowitz 
 www.vocfund.com 
Canaccord Genuity Limited                                   Tel: [phone] 
6500 
 Sue Inglis/Guy Blakeney 
Financial Dynamics                                              Tel: +44 (0)20 
7269 7132 
 Ed Gascoigne-Pees/Ed Berry 
NOTE TO EDITORS 
Vision Opportunity China Fund Limited is a closed-ended listed fund traded on 
AIM.  VOC primarily invests directly in listed companies with operations 
principally within Greater China.  Greater China is a collective term for the 
territories administered by the People's Republic of China, those administered 
by the Republic of China and Singapore. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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