TIDMVNI
RNS Number : 9180O
Vietnam Infrastructure Limited
25 August 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.
25 August 2017
For Immediate Release
Vietnam Infrastructure Limited
(the "Company")
Notice of Cancellation, Cash Distribution and Extraordinary
General Meeting
Following the divestment of the last remaining Private Equity
Portfolio investments, the Board of Directors of the Company are
pleased to announce an aggregate cash distribution to Private
Equity Shareholders (the "Shareholders") of US$12.6 million (the
"Distribution") representing US$0.0361 for each Private Equity
Share of US$0.01 each ("Private Equity Shares") currently in issue.
The Record Date for the Distribution is Friday 29 September.
In conjunction with the Distribution, the Company announces that
it has today published a circular (the "Circular") including a
Notice of Extraordinary General Meeting setting out details of the
recommended proposals for the voluntary winding up of the Company
under the laws of the Cayman Islands, the appointment of joint
liquidators and the cancellation of admission of the Private Equity
Shares to trading on AIM (the "Resolutions"). The Extraordinary
General Meeting of the Company (the "EGM") will take place on 9
October 2017 at 2.30 p.m. UK time at which Shareholders will be
asked to approve the Resolutions. Further details of the EGM and
the Resolutions are contained in the Circular that will be sent to
Shareholders today. A copy of the Circular will also be available
on the Company's website http://vni-fund.com
Subject to the passing of the Resolutions by the requisite
majority, admission of the Private Equity Shares to trading on AIM
will be cancelled with effect from 7.00 a.m. on 10 October 2017,
following which the Company's Private Equity Shares will no longer
be tradeable.
The Private Equity Shares will be suspended from trading at 7.30
a.m. on 9 October 2017 in advance of the EGM, as the commencement
of the liquidation process will render the Company inappropriate
for admission to trading on AIM. No mechanism to enable Private
Equity Shares to be traded following cancellation will be made
available to shareholders and the Private Equity Shares will not be
transferable once the Company enters liquidation without the
consent of the liquidators.
The expected timetable for the Distribution and the EGM is as
follows:
2017
------------------------------
Ex-entitlement Thursday, 28 September
Date for Distribution
and EGM
Record Date for 6.00 p.m. (UK time) on
Distribution and
EGM
-----------------------
Friday, 29 September
----------------------- ------------------------------
Latest time and 5.00 p.m. (Singapore time) on
date for receipt
of Forms of Proxy
and bank account
confirmation
-----------------------
Thursday, 28 September
----------------------- ------------------------------
Distribution Date Monday, 2 October
------------------------------
Settlement Date Thursday, 5 October
------------------------------
Last day of dealings Friday, 6 October
of Private Equity
Shares on AIM
----------------------- ------------------------------
Suspension of the 7:30 a.m. (UK time) on
Private Equity
Shares from trading
on AIM
-----------------------
Monday, 9 October
----------------------- ------------------------------
Time and Date of 2.30 p.m. (UK time) on
EGM
-----------------------
Monday, 9 October
----------------------- ------------------------------
Announcement of Monday, 9 October
results of EGM
------------------------------
Appointment of Monday, 9 October
Joint Liquidators
------------------------------
Cancellation of 7:00 a.m. (UK time) on
trading on AIM
Tuesday, 10 October
------------------------------
A bank account confirmation letter, which will be sent to
Shareholders today, will contain the details of how registered
Shareholders can nominate a bank account to receive their entitled
distribution amount.
The above times and/or dates may be subject to change and, in
the event of such change, the revised times and/or dates will be
notified to the Shareholders by an announcement through a
Regulatory Information Service of the London Stock Exchange.
Enquiries
For further information, please contact:
Vietnam Infrastructure Limited
Rupert Carington Tel: +44 (0)20 7845 5950
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 announcement does not constitute a listing document,
prospectus, offering memorandum, or offer or solicitation to any
person in the United States or any other jurisdiction to purchase
or sell any investment. No information set out in or referred to in
connection with this announcement is intended to form the basis of
any contract of sale, investment decision or any decision to
purchase any securities, nor should such information be construed
as providing financial, investment or other professional advice.
This announcement should not be considered by the recipient as a
recommendation relating to the acquisition or disposal of
investments. It is recommended that recipients of this announcement
seek their own independent legal, tax, financial and other advice.
This announcement does not contain sufficient information to
support an investment decision and investors should ensure that
they obtain all available relevant information before making any
investment.
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". In some cases, such
forward-looking statements can be identified by the use of
forward-looking terminology, including the terms "targets",
"believes", "estimates", "anticipates", "expects", "intends",
"may", "will" or "should" or, in each case, their negative or other
variations or comparable terminology. Any forward-looking
statements are only made as at the date of this announcement, and
the Company neither intends nor assumes any obligation to update
forward-looking statements set forth in this announcement whether
as a result of new information, By their nature, forward-looking
statements involve risks and uncertainties because they relate to
events and depend on circumstances that may or may not occur in the
future. Forward-looking statements are not guarantees of future
performance. The Company's actual performance, results of
operations, financial condition, liquidity and distributions to
shareholders may differ materially from the impression created by
any forward-looking statements contained in this announcement.
The opinions expressed are those held by the Company at the date
of this announcement and are subject to change. Neither the Company
nor any of its affiliates accept any liability or responsibility
whatsoever for the accuracy or completeness of, nor make any
representation or warranty (express or implied) with respect to,
the information contained in these materials or any publicly
available information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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