REG - VinaCapital Vietnam - Daily Net Asset Value

VinaCapital Vietnam Opportunity FundAnnouncement

07/02/2023 07:00

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RNS Number : 1376P  VinaCapital Vietnam Opportunity Fd.  07 February 2023

VinaCapital Vietnam Opportunity Fund Limited

 

(the "Company" or "VOF")

 

LEI Number: 2138007UD8FBBVAX9469

 

Estimated Daily Net Asset Value ("NAV") - 06 February 2023

 

The Company announces that, as at the close of business on 06 February 2023,
its unaudited, estimated NAV was USD 1,068 million or USD 6.61 per share. The
Sterling equivalent as at that same date was GBP 889 million or GBP 5.51 per
share.

 

The GBP to USD foreign exchange rate that has been applied to this NAV is
1.2012.

 

Disclaimers: The estimated daily NAV stated in this announcement has been
prepared by the Investment Manager, and is based on estimated valuations and,
accordingly, the Company accepts no responsibility for the accuracy of the
estimated daily NAV. The actual month end NAV in any month may vary from the
estimated daily NAVs provided in the relevant month. Accordingly, no reliance
should be placed on the estimated daily NAV and it has been provided for
indicative purposes only. The Company's unaudited NAV as at the end of each
month is published on or around the 10th of each month.

 

The estimated daily NAV is prepared based on the following valuation
guidelines:

 •    Listed equities are marked-to-market, based on the closing price of the most
      recent trading day, provided by the Vietnam stock exchanges (the Ho Chi Minh
      Stock Exchange and the Hanoi Stock Exchange).

 •    Unlisted securities include over-the-counter (OTC) traded securities and
      unlisted securities publicly traded on the Unlisted Public Companies Market
      (UPCOM) of the Hanoi Stock Exchange. These holdings are marked-to-market on
      the same basis as listed equities. Where this valuation approach is not
      available, unlisted securities valuations are based on the average of up to
      three independent broker quotes for the last trading day of the prior week, or
      where these are unavailable, the last available price.

 •    Non-publicly traded investments, including private equity and direct real
      estate investments are valued based on the last available valuation as
      approved by the Audit Committee, which may be adjusted for any impairment,
      loss or disposal.

 •    The valuation of cash positions is based on cash in the Company's bank
      accounts at the close of the most recent trading day and is adjusted for
      receivables and accruals.

 •    The adjustments described in the announcement issued on 29 November 2022:
      https://www.londonstockexchange.com/news-article/VOF/reduction-in-the-valuations-of-certain-investments/15735872
      (https://protect-au.mimecast.com/s/IuIUCXLK11uXWlOJi6RDfA?domain=londonstockexchange.com)
      are included in the NAV calculation.

 •    The Vietnam Dong (VND) foreign exchange rate is the daily reference rate
      provided by Vietcombank as of the date of the daily NAV. The British Sterling
      (GBP) and US Dollar (USD) exchange rates are based on the Bloomberg reference
      rate of the same day.

 

Further information is available on the Company's website at:
https://vinacapital.com/investment-solutions/offshore-funds/vof/overview/
(https://vinacapital.com/investment-solutions/offshore-funds/vof/overview/)

 

 

 

 

Enquiries:

 

 Joel Weiden
 Investment Manager - Investor Relations and Communications

 VinaCapital Investment Management Limited
 T: +84 28 3821 9930
 E: joel.weiden@vinacapital.com (mailto:joel.weiden@vinacapital.com)

 David Benda / Hugh Jonathan
 Broker

 Numis Securities Limited
 T: +44 20 7260 1000
 E: funds@numis.com (mailto:funds@numis.com)

 Magdala Mullegadoo
 Company Secretary / Administrator

 Aztec Financial Services (Guernsey) Limited
 T: +44 1481 748 814
 E: vinacapital@aztecgroup.co.uk (mailto:vinacapital@aztecgroup.co.uk)

 Edward Gascoigne-Pees
 Public Relations (London)

 Camarco
 T: +44 20 3757 4980
 E: ed.gascoigne-pees@camarco.co.uk (mailto:ed.gascoigne-pees@camarco.co.uk)

 William Hampsey-Cook
 Marketing and Distribution (United Kingdom)

 Frostrow Capital LLP
 T: +44 20 3709 9281
 E: will.hampsey-cook@frostrow.com (mailto:will.hampsey-cook@frostrow.com)

 Dion Di Miceli / Stuart Muress / Andrew Davies
 Marketing and Investor Engagement (Global)

 Barclays Bank PLC
 T: +44 207 623 2323
 E: BarclaysInvestmentCompanies@barclays.com
 (mailto:BarclaysInvestmentCompanies@barclays.com)

 

 

1.     References to VOF or the Company in this announcement shall mean
VinaCapital Vietnam Opportunity Fund Limited, a non-cellular company
incorporated in the Bailiwick of Guernsey under The Companies (Guernsey) Law,
2008, with registered number 61765. It is authorised by the Guernsey Financial
Services Commission (reference number 2268242) as a registered closed-ended
investment scheme under The Protection of Investors (Bailiwick of Guernsey)
Law, 2020 and in compliance with the Registered Collective Investment Scheme
Rules, as amended.

 

2.     The registered office address of the Company is East Wing,
Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands, GY1
3PP.

 

3.     This announcement may contain inside information as stipulated
under the Market Abuse Regulations (EU) NO. 596/2014 (MAR).

 

 

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