Vietnam Enterprise Investments Limited commences an Equity Plan for 31,302,245 shares, representing 14.99% of its issued share capital, under the authorization approved on July 14, 2022.

Vietnam Enterprise Investments Limited (LSE:VEIL) commences share repurchases on July 20, 2022, under the program mandated by the shareholders in the Annual General Meeting held on July 14, 2022. As per the mandate, the company will repurchase up to 31,302,245 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for each ordinary share is $0.01 and the maximum price (excluding expenses) which may be paid for each ordinary share is the higher of 105% of the average market value of an ordinary share in the company for the five business days prior to the day the purchase is made.

The authority conferred by this resolution shall expire on December 31, 2023, or, if earlier, at the conclusion of the company's next annual general meeting save that the company may, before the expiry of the authority granted by this resolution, enter into a contract to purchase ordinary shares which will or may be executed wholly or partly after the expiry of such authority.