VietNam Holding Limited

VNH

GG00BJQZ9H10

Closed End Funds

Market Closed - London S.E. Other stock markets 11:35:18 2024-04-26 am EDT			5-day change	1st Jan Change
367 ^GBX	+0.55%		+1.38%	+12.92%

Apr. 17	EARNINGS AND TRADING: Chill Brands shareholder seeks board ejections	AN
Mar. 25	VietNam Holding Limited Appoints Connie Hoang Mi Vu as an Independent Non-Executive Director	CI

VietNam Holding plans redemption facility to close discount

November 27, 2023 at 08:42 am EST

VietNam Holding Ltd - investment trust backing high-growth companies in Vietnam - Calls annual and extraordinary general meetings for December 21 in Paris. The AGM will include the trust's five-yearly continuation vote, which the board asks shareholders to approve. The trust also wants to introduce an annual redemption facility, which will be voted upon at the EGM. The redemption facility is aimed at reducing the discount of the company's share price to net asset value. It would allow shareholders to realise some or all of their holding for cash on an annual basis. The change would result in the company being treated as an 'offshore fund' for UK tax purposes, but the board does not expect to change its dividend policy. It notes that VietNam Holding has returned USD150 million to shareholders in tender offers and share buybacks over the past five years.

Current stock price: 306.82 pence

12-month change: up 28%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Latest news about VietNam Holding Limited

EARNINGS AND TRADING: Chill Brands shareholder seeks board ejections	Apr. 17	AN
VietNam Holding Limited Appoints Connie Hoang Mi Vu as an Independent Non-Executive Director	Mar. 25	CI
Chariot mulls future of Transitional Power business	Mar. 18	AN
VietNam Holding Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 18	CI
VietNam Holding Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 18	CI
VietNam Holding trails index in December but beats in 2023	Jan. 17	AN
VietNam says trade grows in November as exports rise	Dec. 15	AN
VietNam Holding plans redemption facility to close discount	Nov. 27	AN
VietNam Holding says asset value down as buybacks continue	23-10-16	AN
Earnings Flash (VNH.L) VIETNAM HOLDING Reports FY23 Loss $-0.30	23-10-16	MT
Vietnam Holding expects positive market momentum to continue	23-09-14	AN
Vietnam Enterprise and Vietnam Holding gain from Vinfast "excitement"	23-08-17	AN
VietNam Holding Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-03-22	CI
VietNam Holding Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-03-22	CI
Vietnam Holding Announces Change of Registered Office	22-11-11	CI
VietNam Holding Limited commences an Equity Buyback Plan up to 4,348,502 shares, representing 14.99% of its issued share capital, under the authorization approved on November 1, 2022.	22-11-04	CI
VietNam Holding Limited’s Equity Buyback announced on April 22, 2022, has expired.	22-11-01	CI
UK shareholder meetings calendar - next 7 days	22-10-31	AN
UK shareholder meetings calendar - next 7 days	22-10-28	AN
UK shareholder meetings calendar - next 7 days	22-10-27	AN
UK shareholder meetings calendar - next 7 days	22-10-26	AN
UK shareholder meetings calendar - next 7 days	22-10-25	AN
VietNam Holding Limited Reports Earnings Results for the Full Year Ended June 30, 2022	22-10-03	CI
Earnings Flash (VNH.L) VIETNAM HOLDING Posts FY22 Loss $-0.24	22-10-03	MT
VietNam Holding Limited commences an Equity Buyback Plan up to 14.99% of the issued share capital, under the authorization approved on November 1, 2021.	22-04-22	CI

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Company Profile

VietNam Holding Limited is a closed-end investment company. The Company's investment objective is to achieve long-term capital appreciation by investing in a diversified portfolio of companies that have high growth potential at an attractive valuation. The Company attempts to achieve its investment objective by investing in the securities of publicly traded companies in Vietnam, and in the securities of foreign companies if a majority of their assets and/or operations are based in Vietnam. It may invest in equity securities or securities that have equity features, such as bonds that are convertible into equity. The Company may invest up to 25% of its net asset value (NAV) (at the time of investment) in companies with shares traded outside of Vietnam. It invests in various sectors, such as telecommunications, retail, industrial goods and services, banks, real estate and others. Dynam Capital Limited serves as an investment manager for the Company.

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Closed End Funds

Calendar

2024-10-01 - Q4 2024 Earnings Release (Projected)

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