Company name DWS Vietnam Fund
Headline Interim Management Statement


RNS Number : 0336N
DWS Vietnam Fund Limited
13 May 2015
 

INTERIM MANAGEMENT STATEMENT

 

 

DWS Vietnam Fund Limited (the "Company")

 

 

In compliance with

Regulation 9(2)(a) & (b) Transparency (Directive 2004/109/EC) Regulations 2007

 

13 May 2015

 

This interim management statement covers the period from 1 January 2015 to 13 May 2015. It has been produced for the sole purpose of providing information to the Company's shareholders in accordance with the requirements of the Transparency Rules. It should not be relied upon for any other purpose.

 

 

Investment Objective

 

The primary investment objective of the Company is to seek long-term capital appreciation of its assets by investing in a diversified portfolio of Vietnamese-related securities (onshore and offshore), such as equity, fixed-income and money market instruments.

 

 

Material Events and Transactions

 

a)  On 15th March 2015, Mr.Lynden John resigned as Director.

 

b)  On 15th March 2015, Mr. Ronan Guilfoyle was appointed as an independent Director.

 

c)  Beira Limited, a special purpose vehicle wholly-owned by the Company, bought back its shares in the Company at the following price in line with the Company's buy-back policy outlined in its Prospectus dated 20 February 2007.

-    16 February 2015, bought back 1,420,383 shares at USD 0.53 per share

-    17 February 2015, bought back 250,000 shares at USD 0.535 per share

-    18 February 2015, bought back 250,000 shares at USD 0.54 per share

-    18 February 2015, bought back 150,000 shares at USD 0.5375 per share

-    20 February 2015, bought back 350,000 shares at USD 0.55 per share

-    16 March 2015, bought back 550,000 shares at USD 0.5527 per share

-    17 March 2015, bought back 250,000 shares at USD 0.555 per share

-    18 March 2015, bought back 550,000 shares at USD 0.56 per share

-    19 March 2015, bought back 250,000 shares at USD 0.56 per share

-    20 March 2015, bought back 325,000 shares at USD 0.5775 per share

-    20 March 2015, bought back 250,000 shares at USD 0.57 per share

-    23 March 2015, bought back 100,000 shares at USD 0.58 per share

-    24 March 2015, bought back 388,482 shares at USD 0.6 per share

-    24 March 2015, bought back 900,000 shares at USD 0.5939 per share

-    24 March 2015, bought back 200,000 shares at USD 0.595 per share

 

 

 

Controlled Undertakings as of 30 April 2015:

 

The Company had no controlled undertakings as of 30 April 2015.

 

 

Financial Position as of 31 March 2015:  

                                                                                                          

Investments                                                           USD 330,925,325.47

Cash and other net current assets                           USD     8,732,125.44                                                                                

Net assets                                                             USD 339,657,450.91

Net assets attributable to Shares                             USD 339,657,450.91

                                                                      

Gearing - None

 

Performance:

As of 31 March 2015, net asset value per share was USD 0.6975.

 

% increase/(decrease) based on net asset value per share over

3 months                   1 year    

-1.41%                      -0.90%

 

                                                                            

Further information:

Professional Advisers

If you have any questions, please contact Deutsche Asset Management (Asia) Limited, One Raffles Quay, #17-10 Singapore 048583.

Investor

If you have any questions, please contact Deutsche Asset Management (Asia) Limited, One Raffles Quay, #17-10 Singapore 048583.

 

The information provided in this statement should not be considered as a financial promotion.

 

Interim management statements are expected to be published in May and November each year.

 

Please note: It is currently intended that Interim Management Statements will be announced via a regulatory news service through the Irish Stock Exchange but will not be mailed to shareholders except on request.

 

 

This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange.

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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