VietNam Holding Limited Final Exercise of Warrants and Issue of Equity (0710H)
03 June 2017 - 1:40AM
UK Regulatory
TIDMVNH TIDMTTM
RNS Number : 0710H
VietNam Holding Limited
02 June 2017
2 June 2017
VietNam Holding Limited
("VNH" or the "Company")
Final Exercise of Warrants and Issue of Equity
VNH announces that the Company has allotted 19,377,348 new
ordinary shares of US$1.00 each in the Company (the "New Ordinary
Shares") following the exercise of Warrants in respect of the final
Warrant exercise date of 1 June 2017, which includes the exercise
by the Warrant Trustee of 6,432,613 Warrants on behalf of
Ineligible Shareholders and the exercise by the Warrant Trustee of
2,135,591 Warrants not otherwise exercised by Warrant holders.
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM and it is expected that admission and
commencement of dealings in the New Ordinary Shares will take place
at 8.00 a.m. on 8 June 2017 ("Admission"). The New Ordinary Shares
will rank pari passu with the Company's existing ordinary
shares.
Following the issue of the New Ordinary Shares, the Company's
issued share capital will consist of 73,301,667 ordinary shares
with voting rights (excluding ordinary shares held in Treasury) and
10,281,430 ordinary shares held in Treasury which have no voting
rights.
The New Ordinary Shares resulting from the exercise by the
Warrant Trustee have been sold in the market at a price of US$2.15
per New Ordinary Share. The proceeds of such sale, after deducting
the costs of exercising the Warrants, together with the exercise
price which will be retained by the Company, will be remitted to
those Ineligible Shareholders and Warrant holders who did not
exercise their Warrants. Accordingly, Ineligible Shareholders will
receive approximately US$0.146 per Warrant held and Warrant holders
who did not exercise their Warrants will receive approximately
US$0.146 per Warrant, provided that, in each case, entitlements of
less than US$20.00 shall be retained for the benefit of the
Company.
PDMR Dealings
The Company was notified on 2 June 2017 that Professor Dr. Rolf
Dubs and Mr. Nguyen Quoc Khanh, both Directors of the Company, have
undertaken the following transactions:
Professor Dr. Rolf Dubs exercised 10,000 Warrants, entitling him
to subscribe for 10,000 New Ordinary Shares, on the basis of one
Warrant for one Ordinary Share, at an exercise price of US$1.998.
Following Admission, Professor Dr. Rolf Dubs holds a beneficial
interest in a total of 61,451 Ordinary Shares representing 0.084%
of the ordinary share capital of the Company.
Mr. Nguyen Quoc Khanh exercised 3,333 Warrants, entitling him to
subscribe for 3,333 new ordinary shares, on the basis of one
Warrant for one Ordinary Share, at an exercise price of US$1.998.
Following Admission, Mr. Nguyen Quoc Khanh holds a beneficial
interest in a total of 33,253 Ordinary Shares representing 0.045%
of the ordinary share capital of the Company.
Unless otherwise defined, capitalised words and phrases in this
announcement shall have the meaning given to them in the Company's
prospectus dated 19 May 2015.
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provide further
detail:
1 Details of the person discharging managerial
responsibilities / person closely associated
---- --------------------------------------------------------------
a) Name Professor Rolf Dubs
---- -------------------------------- ----------------------------
2 Reason for the notification
---- --------------------------------------------------------------
a) Position/status PDMR (Director)
---- -------------------------------- ----------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- ----------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- --------------------------------------------------------------
a) Name VietNam Holding Limited
---- -------------------------------- ----------------------------
b) LEI -
---- -------------------------------- ----------------------------
4 Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- --------------------------------------------------------------
a) Description of the financial Ordinary shares of
instrument, type of US$1 each
instrument
---- -------------------------------- ----------------------------
Identification code KYG9361X1043
---- -------------------------------- ----------------------------
b) Nature of the transaction Exercise of Warrants
---- -------------------------------- ----------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ------------- -------------
US$1.998 10,000
--------------------------------------------------- -------------
d) Aggregated information
---- --------------------------------------------------------------
Aggregated volume N/A - single transaction
-------------------------------- ---------------------------------
Price N/A - single transaction
-------------------------------- ---------------------------------
e) Date of the transaction 1 June 2017
---- -------------------------------- ----------------------------
f) Place of the transaction Outside of a trading
venue
---- -------------------------------- ----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- --------------------------------------------------------------
a) Name Nguyen Quoc Khanh
---- -------------------------------- ----------------------------
2 Reason for the notification
---- --------------------------------------------------------------
a) Position/status PDMR (Director)
---- -------------------------------- ----------------------------
b) Initial notification/Amendment Initial Notification
---- -------------------------------- ----------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- --------------------------------------------------------------
a) Name VietNam Holding Limited
---- -------------------------------- ----------------------------
b) LEI -
---- -------------------------------- ----------------------------
4 Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- --------------------------------------------------------------
a) Description of the financial Ordinary shares of
instrument, type of US$1 each
instrument
---- -------------------------------- ----------------------------
Identification code KYG9361X1043
---- -------------------------------- ----------------------------
b) Nature of the transaction Exercise of Warrants
---- -------------------------------- ----------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- -------------------------------- ------------- -------------
US$1.998 3,333
--------------------------------------------------- -------------
d) Aggregated information
---- --------------------------------------------------------------
Aggregated volume N/A - single transaction
-------------------------------- ---------------------------------
Price N/A - single transaction
-------------------------------- ---------------------------------
e) Date of the transaction 1 June 2017
---- -------------------------------- ----------------------------
f) Place of the transaction Outside of a trading
venue
---- -------------------------------- ----------------------------
For more information please contact:
VietNam Holding Asset Management Tel: +41 43 500
Limited 28 10
Investor Relations
Jay Vontobel
investorrelations@vnham.com
www.vietnamholding.com
Smith & Williamson Corporate Tel: +44 20 7131
Finance Limited 4000
Nominated Adviser
Azhic Basirov / Ben Jeynes
Winterflood Investment Trusts Tel: +44 20 3100
Broker 0000
Joe Winkley / Neil Langford
Buchanan Communications Tel: +44 20 7466
Financial Public Relations 5000
Charles Ryland / Vicky Hayns
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014). Upon the
publication of this announcement via Regulatory Information Service
this inside information is now considered to be in the public
domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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