leadf
logo-loader
viewVietnam Holding

VietNam Holding Ltd - Result of Tender Offer

RNS Number : 9987D
VietNam Holding Limited
02 November 2020
 

2 November 2020

VietNam Holding Limited

("VNH" or the "Company")

 

Result of Tender Offer

 

The latest time for acceptance of the Tender Offer was 1.00 p.m. on 29 October 2020. 7,585,249 Shares (representing 15% of the Shares outstanding) were validly tendered of which 6,788,235 Shares were in respect of Basic Entitlements and 27,872,333 Shares were in respect of Excess Applications. As a result, all valid tenders will be satisfied in full up to the Basic Entitlement and, following application of the scale-back mechanism (as set out in the circular sent to shareholders on 1 October 2020 ("Circular"), tenders in excess of the Basic Entitlement will be satisfied to the extent of 2.86% per cent. of the excess Shares tendered (each such satisfied entitlement being rounded down to the nearest whole number of Shares). Accordingly, 7,585,249 Shares will be purchased at the Tender Price, as determined in accordance with the terms and conditions of the Tender Offer as set out in Part 4 of the Circular. It is expected that the Tender Price will be announced the week commencing 9 November 2020.

 

As set out in the Circular, the Shares in respect of which tenders have been accepted will be purchased by finnCap Limited ("finnCap") pursuant to the Tender Offer and the Company will buy-back such Shares from finnCap for cancellation.

 

Total Voting Rights

 

As at 1 November 2020 and following the Tender Offer, the issued share capital of the Company comprised 42,933,078 Shares. All Shares have 1 vote per share.

 

Therefore, the total number of voting rights in the Company will be 42,933,078 and may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules (DTR).

 

Capitalised terms and expressions shall have the same meanings as those attributed to them in the Circular.

Enquiries:

Sanne Group (Guernsey) Limited

Company Secretary

+44 (0) 1481 739 810

 

Dynam Capital Limited

Craig Martin 

+84 (0) 28 3827 7590

finnCap Limited

William Marle/Giles Rolls

+44 (0) 20 7220 0500

 

                                                                           

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RTEUUUNRRRUARAA

Quick facts: Vietnam Holding

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Vietnam Holding's says RCEP trade agreement 'accelerates Vietnam's growth story'

VietNam Holding Limited's (LON:VNH) Craig Martin talks to Proactive London's Katie Pilbeam about The Regional Comprehensive Economic Partnership, or RCEP, which involves Vietnam. 15 Asia-Pacific nations are involved in what is one of the biggest trade deals in history. Martin believes RCEP...

on 19/11/20

3 min read