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RNS

Estimated Monthly NAV 31 December 2018

Released 07:00 10-Jan-2019

RNS Number : 2838M
VinaCapital Vietnam Opp. Fund Ltd
10 January 2019
 

VinaCapital Vietnam Opportunity Fund Limited

 

(the "Company" or "VOF")

 

LEI Number: 2138007UD8FBBVAX9469

 

Estimated Monthly Net Asset Value (NAV) - 31 December 2018

 

The Company announces that, for the month ended 31 December 2018, its unaudited, estimated NAV was USD 945 million or USD 5.08 per share. The Sterling equivalent as at that same date was GBP 745 million or GBP 4.01 per share.

 

On a per share basis, this represents an increase of 0.79% in USD terms (or an increase of 1.52% in GBP terms) from the month ended 30 November 2018.

 

Disclaimers: The monthly reported unaudited, estimated Net Asset Value stated in this announcement has been prepared by the Administrator and reviewed by the Investment Manager. It may vary from the estimated weekly NAV announcements that are produced by the Administrator and reviewed by the Manager, which are based on estimated valuations. The estimated weekly NAV is provided for indicative purposes only. The Company accepts no responsibility for the accuracy of the estimated weekly NAV figure reported, and neither is any responsibility implied.

 

The unaudited, estimated monthly NAV is prepared based on the following valuation guidelines:

 

·      Listed equities are marked-to-market, based on the closing price of the last trading day of the prior month, provided by the Vietnam stock exchanges (the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange).

 

·      Unlisted securities include over-the-counter (OTC) traded securities and unlisted securities publicly traded on the Unlisted Public Companies Market (UPCOM) of the Hanoi Stock Exchange. These holdings are marked-to-market on the same basis as listed equities. Where this valuation approach is not available, unlisted securities valuations are based on the average of up to three independent broker quotes for the last trading day of the prior month, or where these are unavailable, the last available price.

 

·      Non-publicly traded investments, including private equity and direct real estate investments, and operating assets, are valued based on the last available valuation as approved by the Audit Committee which may be adjusted for any impairment, loss or disposal.

 

·      Cash is based on cash in the bank at the close of the prior month and may be adjusted for receivables and accruals.

 

·      The Vietnam Dong (VND) foreign exchange rate is based on the daily reference rate provided by Vietcombank as of the date of the monthly NAV. The British Sterling (GBP) and US Dollar (USD) exchange rates are based on the Reuters reference rate of the same day.

 

Further information is available on the Company's website at: https://vof.vinacapital.com/

 

Enquiries:

 

Michael Truong / Joel Weiden

 

Investment Manager - Investor Relations and Communications

VinaCapital Investment Management Limited

 

T: +84 28 3821 9930

 

E: michael.truong@vinacapital.com

E: joel.weiden@vinacapital.com 

 

 

 

David Benda / Hugh Jonathan

 

Broker

Numis Securities Limited

 

T: +44 20 7260 1000

 

E: funds@numis.com

 

 

 

Kellie Blondel

 

Company Secretary / Administrator

Aztec Financial Services (Guernsey) Limited

 

T: +44 1481 748 833

 

E: vinacapital@aztecgroup.co.uk

 

 

 

Edward Gascoigne-Pees

 

Public Relations (London)

Camarco

 

T: +44 20 3757 4980

 

E: ed.gascoigne-pees@camarco.co.uk

 

 

 

David Harris

 

Marketing and Distribution (London)

Frostrow Capital LLP

 

T: +44 203 427 3835

 

E: david.harris@frostrow.com

 

 

1.     References to VOF or the Company in this announcement shall mean VinaCapital Vietnam Opportunity Fund Limited, a non-cellular company incorporated in the Bailiwick of Guernsey under The Companies (Guernsey) Law, 2008, with registered number 61765. It is authorised by the Guernsey Financial Services Commission (reference number 2268242) as a registered closed-ended investment scheme under The Protection of Investors (Bailiwick of Guernsey) Law, 1987 and in compliance with the Registered Collective Investment Scheme Rules, as amended.

 

2.     The registered office address of the Company is East Wing, Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands, GY1 3PP.

 

3.     This announcement may contain inside information as stipulated under the Market Abuse Regulations (EU) NO. 596/2014 (MAR).

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Estimated Monthly NAV 31 December 2018 - RNS