REG - VietNam Holding Ltd - Redemption Update

VietNam HoldingAnnouncement

01/10/2024 07:00

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RNS Number : 3476G  VietNam Holding Limited  01 October 2024

For Immediate Release

VietNam Holding Limited

('VNH' or the 'Company')

Redemption Update

 

Further to the announcement on 5 September 2024, the Board of VNH announces
that several shareholders who had requested that some or all of their holding
of VNH Ordinary Shares be redeemed had subsequently requested to withdraw all
or part of their redemption request. The VNH Board has agreed to permit this
withdrawal. This means that the number of Ordinary Shares validly tendered for
redemption was 3,406,598 Ordinary which will be redeemed under the 2024
Redemption Opportunity. This reduced number of Ordinary Shares represents
approximately 12.6% of the Ordinary Shares in issue as at 31 August 2024.

The Board will make a further announcement when the 30 September 2024 official
net asset value per share is finalised and the final timetable for the payment
of the redemption proceeds is settled.

Hiroshi Funaki, Chairman commented. The Board is delighted at the strong
support these shareholders have shown VNH with their request to reduce the
size of their redemption request. It is further evidence of the broad investor
support for the Vietnam investment case and for VNH and its investment
manager, Dynam Capital, Ltd, in particular.

 More information on the Company is available at                                www.vietnamholding.com (http://www.vietnamholding.com)

 Investment Manager

 Dynam Capital, Ltd.                                                            Tel.: +84 28 3827 7590

 Craig Martin

 Cavendish Capital Markets Limited
 Corporate Broker

 Trading:                                Johnny                                 Tel: +44 20 7220 0558
 Hewitson
 Sales:                                    Pauline Tribe                        Tel: +44 20 7220 0517
 Corporate Finance:            James King                                       Tel: +44 20 7220 0500

 Company Secretary

 Sanne Group (Guernsey) Limited                                                  Tel: +44 20 3530 3158

 Michael Mabaso-Mlilo

 

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