REG - Vietnam Enterprise Vietnam Ent Inv-VEID - Update Following AGM

Vietnam Enterprise InvestmentsAnnouncement

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RNS Number : 5639O  Vietnam Enterprise Investments Ltd  26 June 2025

For Immediate Release

26 June 2025

 

Vietnam Enterprise Investments Limited

(the "Company")

 

UPDATE FOLLOWING AGM

 

On 18 June 2025, the Company announced the results of its annual general
meeting that was held earlier that day. The Board noted in that announcement
that, in relation to Resolution 10 (being the resolution to wind up the
Company effective on 31 December 2027), votes constituting 41.06% of the
total votes cast were cast in favour of that resolution.

 

The Board committed to consult with relevant shareholders in order to
understand the reasons behind their voting decision with a view to providing
an update within six months, as required by the AIC Code on Corporate
Governance. Whilst the process of such engagement with relevant shareholders
is ongoing, during initial conversations with certain relevant shareholders,
it has come to light that a number of the shares voted on resolution 10 were
inadvertently voted incorrectly in favour of such resolution, when the
intention of the relevant shareholders had been to vote against such
resolution. Had such votes been cast correctly, the number of votes cast in
favour of discontinuation would have been substantially lower, however still
in excess of the 20% threshold obliging the Board to consult with relevant
shareholders pursuant to the AIC Code on Corporate Governance.

 

The Board remains committed to consult with relevant shareholders that voted
in favour of resolution 10 in order to understand the reasons behind their
voting decision and will provide an update in due course, as previously
announced.

 

For further information, please contact:

 

Vietnam Enterprise Investments Limited

Steven Mantle

+44 (0) 755 370 1237

stevenmantle@dragoncapital.com (mailto:stevenmantle@dragoncapital.com)

 

Jefferies International Limited

Stuart Klein
 
 

+44 (0) 207 029 8703

stuart.klein@jefferies.com (mailto:stuart.klein@jefferies.com)

 

h2Radnor

Iain Daly

+44 (0) 20 3897 1830

idaly@h2radnor.com (mailto:idaly@h2radnor.com)

 

Montfort Communications

Gay Collins, Alex Everett

+44 (0) 7798 626282

veil@montfort.london (mailto:veil@montfort.london)

 

LEI: 213800SYT3T4AGEVW864

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