Company name Vietnam Phoenix Fd L
Headline Redemption of Class C Share


RNS Number : 0789Q
Vietnam Phoenix Fund Limited
16 October 2019
 

COMPANY ANNOUNCEMENT



For Immediate Release

16 October 2019


VIETNAM PHOENIX FUND LIMITED


Re: Redemption of Class C share

The Directors of Vietnam Phoenix Fund Limited (the "Company") announce a redemption of a pro rata share of 38 per cent of each investors Class C Shares (ISIN KYG2886W1078) ("Private Equity Shares").

In accordance with the Investment Objective for the Private Equity Shares -- to realise assets in an orderly manner that seeks to achieve a balance between maximising the value of the assets and returning cash to holders of Private Equity Shares promptly by means of pro rata redemptions of registered holdings of Private Equity Shares - the Company announces a redemption of 38 per cent of the Private Equity Shares outstanding as at 21 October 2019 (5pm Dublin time). Redemptions will be allocated pro rata to each registered shareholder's total Private Equity Shares, subject to rounding down fractional entitlements to redemption to the nearest whole Private Equity Share.

The redemption price will be based on the net asset value of the Private Equity Shares as at 30 September 2019 (USD 0.2617 per share). The value date of payment shall be 29 October 2019. 

The Company intends to announce on 23 October 2019 the number of shares redeemed at the redemption price.

 

Enquiries:

 

Vietnam Phoenix Fund Limited                                                dwsvietnamfund@dmsgovernance.com

Scott Weldon
Duxton Asset Management Pte Ltd                                                                     vpf@duxtonam.com

T: +65 6511 0362

 

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

 


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