Vietnam Infrastructure Limited Result of Distribution (2160Y)
01 Marzo 2017 - 10:45AM
UK Regulatory
TIDMVNI
RNS Number : 2160Y
Vietnam Infrastructure Limited
01 March 2017
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.
1 March 2017
For Immediate Release
Vietnam Infrastructure Limited
(the "Company")
Result of Distribution to Holders of Private Equity Shares
The Company announces today the election results of its
distribution of US$65 million (the "Distribution") representing
US$0.1856 (rounded up to 4 decimal places) for each Private Equity
Share currently in issue to Private Equity Shareholders (the
"Shareholders").
As set out in the distribution circular dated 31 January 2017,
Shareholders entitled to receive the Distribution were able to
elect to receive their Applicable Distribution Amount in "Cash
Only" OR, if they were Eligible Shareholders, were able to elect to
have the Company apply their Applicable Distribution Amount in
subscribing for "VVF Shares Only" in the Company's name, and then
transfer such VVF Shares to the relevant Eligible Shareholder (the
"Election"). The deadline for submitting completed and signed
Election Forms and, if applicable, Transfer Forms to Standard
Chartered Bank, Securities Services - Fund Services was 5:00 pm
Singapore time on Monday, 27 February 2017. Based on the Election
Forms and Transfer Forms that were validly submitted 81.0 per cent.
of the Distribution, totalling US$52.7 million, will be paid in the
form of a cash payment, and the remaining 19.0 per cent. of the
Distribution, totalling US$12.3 million, will be applied by the
Company in subscribing for VVF Shares in the Company's name
(rounded down to three decimal places), and then transferred to the
relevant Eligible Shareholder.
Shareholders' accounts (including those held through Euroclear
and/or Clearstream) will be credited with cash and/or with VVF
Shares on or around the Settlement Date, which is Tuesday, 14 March
2017. Please note that Eligible Shareholders who submit valid
Election Forms and Transfer Forms and who have elected to receive
VVF Shares and who have provided all required anti-money laundering
and know your customer compliance documents will receive
confirmation in writing from EdR Asset Management (as
administration agent for VVF) that their VVF Shares are registered
in their name by the Settlement Date but no certificates
representing the VVF Shares will be issued.
Shareholders who have received VVF Shares can redeem all or part
of their shareholding by applying to redeem their VVF Shares in
accordance with the requirements set out in the Forum One
Prospectus and VVF Data Sheet. VVF Shares can be redeemed on each
Valuation Day, or the following Valuation Day if such day is not a
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 EdR Asset Management by 6:00 pm Luxembourg time three
(3) business days before the relevant Redemption Day. 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 distribution circular to Shareholders dated
31 January 2017.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCOKDDPKBKDANK
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March 01, 2017 11:45 ET (16:45 GMT)
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