5 Mar 2015 09:27
5 March 2015
Vietnam Infrastructure Limited
Cancellation of Treasury Shares
Vietnam Infrastructure Limited (the "Company") (AIM: VNI), the closed-end investment company admitted to trading on AIM, today announces that it has cancelled the 51,878,906 ordinary shares of the Company's capital that were held by its wholly-owned subsidiary, Scepter Asia Limited (the "Treasury Shares") on 31 January 2015.
The Treasury Shares were not counted as issued and outstanding for purposes of determining the Company's net asset value per share, nor were they capable of being voted by the Company or of participating in any dividend or other shareholder distribution. In light of the proposed restructuring plans announced in December 2014, the Board determined there was no longer a need for a treasury share facility and as such, the Treasury Shares have been cancelled, for no consideration, upon their surrender by Scepter Asia Limited.
Following the cancellation, the Company no longer holds any shares in treasury and the issued share capital of the Company remains unchanged at 350,221,094 ordinary shares.
For further information, please contact:
Vietnam Infrastructure Limited Rupert Carington
Tel: +44 (0)20 7845 5950
VinaCapital Group
Tony Hsun
Tel: +84 8 3821 9930
Louie Doan
Tel: +84 8 3821 9930
Edmond de Rothschild Securities (UK) Limited, Financial AdviserWilliam Marle
Tel: +44 (0)20 7845 5950
John Armstrong-Denby
Tel: +44 (0)20 7845 5950
Hiroshi Funaki
Tel: +44 (0)20 7845 5960funds@lcfr.co.uk
Grant Thornton UK LLP, Nominated Adviser Philip Secrett
Tel: +44 (0)20 7383 5100
philip.j.secrett@uk.gt.com