Vinacapital Vietnam opp fund limited : VOF notice of egm for share buyback authority

VOF’s Extraordinary General Meeting of Shareholders (“EGM”) will be held at 17:00 (Hong Kong time) on Tuesday, 25 October 2011 at the Pacific Alliance Group’s office at 15/F, AIA Central, 1 Connaught Road, Central, Hong Kong.

VinaCapital Vietnam Opportunity Fund Limited (“VOF” or “the Company”) (VOF.L), an AIM-traded investment company established to target key growth segments within Vietnam’s emerging market, announces that an Extraordinary General Meeting of Shareholders (“EGM”) will be held at 17:00 (Hong Kong time) on Tuesday, 25 October 2011 at the Pacific Alliance Group’s office at 15/F, AIA Central, 1 Connaught Road, Central, Hong Kong.

In order to facilitate the return of capital and income to shareholders and assist the Company in seeking to reduce any discounts which may arise between the quoted price of the Ordinary Shares and the applicable net asset value per Ordinary Share, the Company is proposing to put in place a permanent share buy-back authority. This authority would give the Board of Directors (the “Board”) an ongoing authority to make both on-market and off-market purchases of Ordinary Shares and flexibility and discretion to set the parameters for such purchases of Ordinary Shares. At the EGM, a shareholder resolution to grant the buy-back authority will be proposed.

The Company will shortly send a circular and form of proxy to shareholders (the “Circular”) detailing the resolution that will be put to shareholders for their approval at the EGM. Both documents will also be posted on the Company’s website at www.vinacapital.com/vof.

Tags: VinaCapital Vietnam

Posted by VBN on Sep 21 2011. Filed under Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry