Vietnam Infrastructure Limited Winding-up of the Company and Continuation Vote (5499H)
June 08 2017 - 5:08AM
UK Regulatory
TIDMVNI
RNS Number : 5499H
Vietnam Infrastructure Limited
08 June 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN OR INTO OR FROM AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR
THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH RELEASE,
PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
8 June 2017
For Immediate Release
Vietnam Infrastructure Limited
(the "Company")
Winding-up of the Company and Continuation Vote
In the Company's AIM admission document dated 29 June 2007, the
Company stated that the Board intended to convene an extraordinary
general meeting of the Company in 2017 where a special resolution
would be proposed that the Company continue as presently
constituted (the "Continuation Resolution"). The Board currently
anticipates that the Company's last remaining asset, In-Building
Cellular Enhancement Systems ("IBS"), will be sold by end of July
2017 following which the Board will convene a general meeting of
the Company, to propose resolutions to commence the voluntary
solvent liquidation of the Company and cancel the admission of the
Company's shares from trading on AIM, all of which the Company
intends to conclude by the end of the 2017 financial year. In
addition, the Board anticipates making a further distribution to
shareholders of distributable proceeds before or in conjunction
with the commencement of the voluntary solvent liquidation
process.
Taking into account the proposed timetable for the liquidation
of the Company, the Board has concluded that there is no benefit to
shareholders in convening a separate extraordinary general meeting
in 2017 to propose the Continuation Resolution and consequently
this will not occur.
Further announcements relating to the detailed timetable for the
winding-up of the Company, the delisting of the shares and any
distribution will be made in due course following the disposal of
IBS.
Enquiries
For further information, please contact:
Vietnam Infrastructure Limited
Rupert Carington Tel: +44 (0)20 7260 1000
VinaCapital Investment Management Limited
Tony Hsun Tel: +84 8 3821 9930
Numis Securities Limited, Broker
David Benda / Hugh Jonathan Tel: +44 (0)20 7260 1000
funds@numis.com
Grant Thornton UK LLP, Nominated Adviser
Philip Secrett Tel: +44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGMGGVGRVGNZM
(END) Dow Jones Newswires
June 08, 2017 06:08 ET (10:08 GMT)
Vietnam Inf. (LSE:VNI)
Historical Stock Chart
From May 2024 to Jun 2024
Vietnam Inf. (LSE:VNI)
Historical Stock Chart
From Jun 2023 to Jun 2024