Tender Pool Allocation and Tender Price
Vietnam Enterprise Investments Ltd
09 July 2026
9 July 2026
Vietnam Enterprise Investments Limited
("VEIL" or the "Company")
Tender Pool Allocation and Tender Price
Further to the announcement of the results of the Tender Offer on 7 July 2026, the Board today announces the allocation of assets to the Cash Exit Pool and the In Specie Pool, the value of such assets being equal to a 2.5 per cent. discount to the prevailing Adjusted Net Asset Value per Share as at the Calculation Date of 8 July 2026, which results in a Tender Price of 845.4278 pence per Ordinary Share.
The Cash Exit Pool and the In Specie Pool amounts were as follows:
- Cash Exit Pool: £91,970,640 in respect of the 10,878,592 Ordinary Shares that have been successfully tendered pursuant to the Cash Exit Option, and
- In Specie Pool: £24,222,191 in respect of the 2,865,081 Ordinary Shares that have been successfully tendered pursuant to the In Specie Option.
A total of 13,743,673 Ordinary Shares will be repurchased by the Company pursuant to the Tender Offer, which equates to 10 per cent. of the Company's issued share capital (excluding Ordinary Shares held in treasury) as at the Record Date.
Cash payments through CREST are expected to be made in respect of Cash Exit Shares held in uncertificated form on or around 13 July 2026.
Cash payments are expected to be made in respect of In Specie Exit Shares held in uncertificated form by 13 July 2026. Such shareholders have committed to use such cash to acquire their share of the In Specie Pool.
Expected Remaining Timetable
|
CREST accounts credited with unsuccessfully tendered uncertificated Ordinary Shares |
by 12 July 2026 |
|
Repurchase of Exit Shares announced |
on or around 13 July 2026 |
|
Payments through CREST made in respect of the Exit Shares held in uncertificated form |
13 July 2026 |
|
Transfer of portfolio assets to Qualifying In Specie Shareholders that have elected for the In Specie Options |
by 14 July 2026 |
All references to times in this announcement are to UK time unless otherwise stated.
The times and dates set out in the expected timetable may be adjusted by the Company at its discretion, in which event details of the new times and/or dates will be notified to Shareholders by an announcement made by the Company through a Regulatory Information Service.
Defined terms used in this announcement shall, unless the context requires otherwise, have the meanings ascribed to them in the circular to Shareholders published by the Company on 3 June 2026.
Enquiries
|
Vietnam Enterprise Investments Limited |
|
Steven Mantle |
|
+44 (0) 755 370 1237 |
|
|
|
Jefferies International Limited |
|
Stuart Klein |
|
+44 (0) 207 029 8703 |
|
|
|
Montfort Communications |
|
Alex Everett, +44 (0) 778 043 1533 |
|
Nita Shah, +44 (0) 790 412 0960 |
|
|
|
h2Radnor |
|
Iain Daly |
|
+44 (0) 203 897 1830 |
LEI: 213800SYT3T4AGEVW864
Notice of US Shareholders
The Tender Offer relates to securities in a non-US company registered in the Cayman Islands and listed on the London Stock Exchange and is subject to the disclosure requirements, rules and practices applicable to companies listed in the United Kingdom, which differ from those of the United States in certain material respects. This document has been prepared in accordance with UK style and practice for the purpose of complying with the laws of the Cayman Islands and the rules of the FCA and of the London Stock Exchange, and US Shareholders should read this entire document. The Tender Offer is not subject to the disclosure and other procedural requirements of Regulation 14D under the US Exchange Act. The Tender Offer will be made in the United States pursuant to Section 14(e) of, and Regulation 14E under, the US Exchange Act subject to the exemptions provided by Rule 14d-1 thereunder and otherwise in accordance with the requirements of the rules of the FCA and the London Stock Exchange. Accordingly, the Tender Offer will be subject to disclosure and other procedural requirements that are different from those applicable under US domestic tender offer procedures and law. The Company is not listed on a US securities exchange, is not subject to the periodic reporting requirements of the US Exchange Act and is not required to, and does not, file any reports with the U.S. Securities and Exchange Commission thereunder.
It may be difficult for US Shareholders to enforce certain rights and claims arising in connection with the Tender Offer under US federal securities laws since the Company is located outside the United States and its officers and directors reside outside the United States. It may not be possible to sue a non-US company or its officers or directors in a non-US court for violations of US securities laws. It also may not be possible to compel a non-US company or its affiliates to subject themselves to a US court's judgment.
To the extent permitted by applicable law and in accordance with normal UK practice, the Company or any of its affiliates, may make certain purchases of, or arrangements to purchase, Ordinary Shares outside the United States during the period in which the Tender Offer remains open for acceptance, including sales and purchases of Ordinary Shares effected by Jefferies acting as market maker in the Ordinary Shares. These purchases, or other arrangements, may occur either in the open market at prevailing prices or in private transactions at negotiated prices. In order to be excepted from the requirements of Rule 14e-5 under the Exchange Act by virtue of Rule 14e-5(b)(12) thereunder, such purchases, or arrangements to purchase, must comply with the applicable English law and regulation, including the UK listing rules of the FCA, and the relevant provisions of the US Exchange Act. In addition, in accordance with normal UK market practice, Jefferies and its affiliates may continue to act as market makers in the Ordinary Shares and may engage in certain other purchasing activities consistent with their respective normal and usual practice and applicable law. Any information about such purchases will be disclosed as required in the UK and the United States and, if required, will be reported via the Regulatory Information Service and available on the London Stock Exchange website at http://www.londonstockexchange.com.
The receipt of cash or securities pursuant to the Tender Offer may be a taxable transaction for US federal income tax purposes. In addition, holders may be subject to US backup withholding and information reporting on payments with respect to the Tender Offer made (or deemed made) within the United States.
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