VinaCapital Vietnam Opportunity Fund Limited (LSE: VOF) commences share repurchases on December 7, 2023, under the program mandated by the shareholders in the Annual General Meeting held on December 6, 202. As per the mandate, the company is authorized to repurchase up to 14.99% of its issued share capital. The minimum price which may be paid for an ordinary share is $0.01 and the maximum price which may be paid will not exceed the higher of 105% above the average of the middle market quotations for the five consecutive dealing days ending on the dealing day immediately preceding the date on which the purchase is made and the higher of the price quoted for the last independent trade and the highest current independent bid.

The shares repurchased will be cancelled or held in treasury. This authority shall expire at the conclusion of the company?s next Annual General Meeting, or, if earlier, on March 5, 2025, unless previously renewed, revoked or varied by the company by ordinary resolution.