Company name Vietnam Phoenix Fd L
Headline NAV Restatements - Replacement


RNS Number : 5413B
Vietnam Phoenix Fund Limited
04 April 2017
 

The following replaces in its entirety the 'NAV Restatements' announcement released on 3rd April 2017 at 17.19 RNS number 4394B.

 

 

COMPANY ANNOUNCEMENT



For Immediate Release

 04 April 2017



VIETNAM PHOENIX FUND LIMITED

 


Re: NAV Restatements

 

 

The Directors of Vietnam Phoenix Fund Limited (the "Company") announce that certain  net asset values ("NAVs") per share issued by the Company, as at the following dates, which were originally provided to the ISE, have been restated as follows:

Share Class                                                      Original NAV (USD)                 Restated NAV (USD)

 

Ordinary Shares - 31 December 2016     0.8719                                      0.8772

 

Class C Shares - 1 January 2017                        0.3373                                      0.3426

Class C Shares - 25 January 2017                      0.3389                                      0.3443 

Class C Shares - 28 February 2017                    0.3419                                      0.3472 

These NAV restatements have resulted from receipt by the Company of an addendum to the valuation report from the third-party valuer engaged to provide independent valuations of the private equity positions held by the Company (the "Addendum").  The revised valuations contained in the Addendum impacted the NAV of the ordinary shares as at 31 December 2016.  The revised valuations contained in the Addendum also impacted the initial NAV determination for the Class C Shares from the date of their issue on 1 January 2017, as well as the Class C Share NAVs at 25 January 2017 and 28 February 2017.

Further information on the valuations of the private equity positions will be provided in the Company's annual report and audited financial statements for the year ended 31 December 2016, which the Board expects the Company to issue by the end of April 2017.

The valuations contained in the Addendum have no impact on the Class A Shares or the Class B Shares issued by the Company on 1 January 2017.

 

 

 

Enquiries:




 




Matheson

Contact: Bernard Fitzsimons

Phone:   +353 1 232 2000

 

 

 

Duxton Asset Management

Contact: Scott Weldon

Email:   vpf@duxtonam.com

 

 

 

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
 
END
 
 
ISEIIMMTMBAMBBR