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VIETNAM  VinaCapital Vietnam - Share buyback DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

VIETNAM VinaCapital Vietnam - Share buyback

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VIETNAM  VinaCapital Vietnam - Share buyback Empty VIETNAM VinaCapital Vietnam - Share buyback

Post by 1alaskan Mon Jul 02, 2012 12:57 pm

VinaCapital Vietnam - Share buyback

VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 29 June 2012, pursuant to the share buyback authority granted to the Company's Board of Directors on 25 October 2011, Visaka Holdings Limited, a wholly-owned subsidiary of the Company, purchased 475,000 Ordinary Shares of US$0.01 each at an average price of US$1.48 per share.

Following this transaction, VOF has spent USD18.5 million overall repurchasing 12,549,663 shares which are held as treasury shares. This represents 3.9 percent of the Company's 324,610,259 Ordinary Shares in issue and as a result, total voting rights in the Company have been reduced to 312,060,596. Since the beginning of the share buyback program, shares repurchased have had an accretive effect; increasing NAV per share by USD0.034, based on 31 May 2012 net asset value.

http://uk.finance.yahoo.com/news/vinacapital-vietnam-share-buyback-101300493.html

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