Vietnam Enterprise Investments Limited (VEIL), a closed-ended investment company focused on Vietnamese equities and managed by Dragon Capital, announced on 12 November 2026 that it purchased 40,000 of its own ordinary shares on 11 November 2026, with prices ranging from 730p to 733p per share. The repurchased shares will be held in treasury, reducing the total shares in issue to 120,595,237. The buyback forms part of VEIL's ongoing capital management activity, which investors in investment trusts often monitor as a signal of discount management.

Key Points

  • Vietnam Enterprise Investments Limited (VEIL) — closed-ended fund investing in Vietnamese equities, managed by Dragon Capital
  • The company purchased 40,000 ordinary shares of US$0.01 each on 11 November 2026, to be held in treasury
  • Average price paid was GBP 731.88 per share; highest price paid was GBP 733.00 and lowest GBP 730.00
  • Investors may watch whether further buyback tranches are announced and how the treasury share total evolves

VEIL Purchases 40,000 Shares at Average Price of GBP 731.88 on 11 November 2026

Vietnam Enterprise Investments Limited confirmed that on 11 November 2026 it purchased 40,000 ordinary shares, each with a nominal value of US$0.01, at prices ranging from a low of GBP 730.00 to a high of GBP 733.00, with an average price of GBP 731.88. The announcement states that all repurchased shares will be held in treasury rather than being cancelled immediately. This transaction is consistent with the type of ongoing buyback programme that closed-ended investment companies listed in London frequently operate to manage the discount between the share price and net asset value.

Treasury Share Total Reaches 5,635,742 Including Unsettled Purchases

Following the 11 November transaction, the company's total treasury holding stands at 5,635,742 shares, including shares that have been purchased but not yet settled. The announcement states that the total number of shares in issue, excluding treasury shares, is now 120,595,237. This figure also represents the total voting rights in the company and is disclosed specifically to allow shareholders to determine whether they are required to notify any interest or change in interest under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Dragon Capital-Managed Fund Maintains Vietnamese Equity Focus Across Buyback Activity

Vietnam Enterprise Investments Limited is managed by Dragon Capital, one of the longest-established asset managers focused on Vietnamese financial markets. VEIL invests primarily in equities listed in Vietnam, a frontier and emerging market that has attracted sustained institutional interest. The company is listed in London and employs Jefferies International Limited and Winterflood, a division of Marex Financial, as joint brokers. The buyback activity disclosed in this announcement reflects standard capital management practice for a London-listed investment trust operating in a specialist geographic market.

Shareholder Notification Thresholds Updated Following Change to Voting Rights Denominator

With the revised share count of 120,595,237 voting shares now in issue, shareholders holding positions near statutory disclosure thresholds are reminded that this updated denominator figure should be used when calculating whether notification obligations are triggered under FCA Disclosure Guidance and Transparency Rules. The company did not disclose any change to its investment strategy or net asset value in this announcement. Contact details provided include Paul Southgate at Dragon Capital and representatives at Jefferies International, Winterflood Marex, H2 Radnor, and Montfort Communications.