VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 9 July 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 500,000 Ordinary Shares of US$0.01 each at an average price of USD1.485 per share.
Following this transaction, VOF has spent USD20.4 million overall repurchasing 13,799,663 shares which are held as treasury shares. This represents 4.25 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 310,810,596. Since the beginning of the share buyback program, shares repurchased have had an accretive effect; increasing NAV per share by USD0.034, based on 31 May 2012 net asset value.
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