Company name Vietnam Phoenix Fd L
Headline Initial NAV for New Share Classes


RNS Number : 2086V
Vietnam Phoenix Fund Limited
26 January 2017
 

COMPANY ANNOUNCEMENT



For Immediate Release

26 January 2017


VIETNAM PHOENIX FUND LIMITED


Re: Initial NAV per share for new share classes

The Directors of Vietnam Phoenix Fund Limited (the "Company") announce the opening unaudited NAV per share for each share class following completion of the fund restructuring.

As announced on 29 December 2016*, the restructuring became effective on 1 January 2017 and the Company's issued share capital now comprises the following:

Class of Shares

No. of Shares In Issue

ISIN

Class A Shares

191,377,519

KYG9363R1056

Class B Shares

232,372,481

KYG9363R1130

Class C Shares

423,750,000

KYG2886W1078

With effect from 1 January 2017, the Company's assets and liabilities were split and allocated to the respective pools attributable to the Class A Shares, Class B Shares and Class C Shares in accordance with the terms of the fund restructuring proposal and shareholders' elections (including deemed elections).  Holders of Class A Shares and Class C Shares are entitled to attend and vote at all general meetings of the Company and the voting rights per share of each of those classes is the number equal to the last published NAV per share of the relevant class.  Class B Shares do not confer any voting rights.

The unaudited NAV per ordinary share (prior to the restructuring) as at 31 December 2016 was US$0.8617 per share.   Following the restructuring of the Company, and applying the same valuation methodology as used to calculate the unaudited 31 December 2016 NAV, the respective opening unaudited NAVs per Class A Share, Class B Share and Class C Share as at 1 January 2017, and their resulting voting rights, are as follows:

Class of Shares

Unaudited
NAV per Share

Net Assets
Attributable to Class

Aggregate
Voting Rights

Class A Shares

US$ 0.5410

US$ 103,543,405

103,543,405

Class B Shares

US$ 0.5292

US$ 122,973,044

None

Class C Shares

US$ 0.3373

US$ 142,945,492

142,945,492

Total


US$ 369,461,942

246,488,897

*See http://www.ise.ie/app/announcementDetails.aspx?ID=13080957.

Enquiries:


Vietnam Phoenix Fund Limited

dwsvietnamfund@dmsgovernance.com

Scott Weldon
Duxton Asset Management Pte Ltd

vpf@duxtonam.com

T: +65 6511 0362

Margot Carty
Matheson


T:
 +353 1 232 2000

 

 

 

 

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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