18 Aug 2016 09:23
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
18 August 2016
For Immediate Release
Vietnam Infrastructure Limited
(the "Company")
Result of Compulsory Repurchase
The Company announces today that all remaining 107,281,741 Listed Portfolio Shares (AIM: VNIL) have been compulsorily repurchased as at the Final Date in exchange for Class A VVF Shares. The compulsory repurchase closed on Wednesday, 17 August 2016 at 5:00 pm Singapore time.
The Company will satisfy the compulsory repurchase by transferring to the Shareholders, in aggregate, 3,288,435.511 Class A VVF Shares. Shareholders' accounts (including those held through Euroclear and/or Clearstream) are expected to be credited on or around Thursday, 25 August 2016 in respect of Class A VVF Shares.
Following the compulsory repurchase no Listed Portfolio Shares will remain in issue and the admission of the Listed Portfolio Shares to trading on AIM under the ticker VNIL will be cancelled with effect from 7:00 a.m. (UK time) on 18 August 2016. The Private Equity Shares (AIM:VNI) will continue to trade as normal.
Holders of Class A VVF Shares can redeem all or part of their shareholding by applying to redeem their Class A VVF Shares in accordance with the requirements set out in the Forum One Prospectus and VVF Data Sheet. Class A VVF Shares can be redeemed on each Valuation Day (the "Redemption Day"). A Valuation Day is each business day in Luxembourg and Vietnam with the exception of Good Friday, 24 December (Christmas Eve) and any other day on which the stock exchanges in Vietnam are closed. Redemption forms must be received by Edmond de Rothschild Asset Management (Luxembourg) by 6:00 pm Luxembourg time three (3) business days before the relevant Redemption Day. It is expected that the first Redemption Day following the compulsory repurchase, after Shareholders' accounts are credited with Class A VVF Shares, will be 31 August 2016, and redemption forms will need to be received by Edmond de Rothschild Asset Management (Luxembourg) by 6:00 pm Luxembourg time on 26 August 2016. A copy of the most recent Forum One Prospectus, VVF Data Sheet and VVF investor pack with the relevant redemption forms are available on the website of VinaWealth Fund Management JSC (the Investment Manager to VVF) at http://www.vinawealth.vn/en/vinacapital-fund/.
Defined terms used in this announcement have the same meaning as ascribed to them in the compulsory repurchase circular to Shareholders dated 21 July 2016.
Enquiries
For further information, please contact:
Vietnam Infrastructure Limited Rupert Carington Tel: +44 (0)20 7260 1000
VinaCapital Investment Management Limited
Tony Hsun Tel: +84 8 3821 9930
Numis Securities Limited, Broker
David Benda / Hugh Jonathan Tel: +44 (0)20 7260 1000
funds@numis.com
Grant Thornton UK LLP, Nominated Adviser Philip Secrett Tel: +44 (0)20 7383 5100
philip.j.secrett@uk.gt.com