Vietnam Holding Limited (AIM:VNH) commences share repurchases on November 4, 2022 , under the program mandated by the shareholders in the Annual General Meeting held on November 1, 2022. As per the mandate, the company is authorized to repurchase up to 4,348,502 shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange Daily Official List for five business days immediately preceding the day on which that share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange.

The minimum price which may be paid for an ordinary share is $0.01 per share. The repurchased shares will be cancelled. The program will be funded using the cash available with the company.

The program shall be valid till the next Annual General Meeting in 2023, or 18 months from the date of passing this resolution, whichever is earlier. As at October 7, 2022, the company had 29,009,350 issued shares and had no treasury shares.