Vietnam Enterprise Investments Limited (VEIL), the closed-ended investment company focused on Vietnamese equities, has announced the purchase of 50,000 of its own ordinary shares on 4 November 2026 at a fixed price of GBP 715.00 per share. The transaction will see the repurchased shares held in treasury, bringing the total treasury holding, including shares purchased but not yet settled, to 5,207,172 shares. Following the buyback, the total number of shares in issue stands at 121,023,807, excluding treasury shares, representing the company's current total voting rights. Investors monitoring VEIL's capital management activity may note this as the latest step in an ongoing share repurchase programme.

Key Points

  • Vietnam Enterprise Investments Limited (VEIL) — a closed-ended fund investing in Vietnamese equities
  • The company purchased 50,000 ordinary shares of US$0.01 each on 4 November 2026 at GBP 715.00 per share
  • Treasury holding now stands at 5,207,172 shares; total shares in issue (excluding treasury) are 121,023,807
  • Investors should watch for further buyback announcements and any changes to the total voting rights denominator

VEIL Executes 50,000-Share Buyback at Fixed 715p Price on 4 November 2026

Vietnam Enterprise Investments Limited confirmed the purchase of 50,000 ordinary shares on 4 November 2026, with the highest, lowest, and average price each recorded at GBP 715.00, indicating all shares were acquired at a single uniform price. The shares carry a nominal value of US$0.01 each. The announcement states that these repurchased shares will be held in treasury rather than cancelled, a structure that preserves the option to reissue them at a later date. The company did not disclose the aggregate total cost of the transaction in the announcement beyond the per-share price of GBP 715.00.

Treasury Share Position and Its Significance for VEIL's Voting Rights Denominator

Including shares purchased but not yet settled, VEIL now holds 5,207,172 shares in treasury following this transaction. The total number of shares in issue, excluding treasury holdings, is 121,023,807, and the company confirms this figure represents total voting rights. Under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, shareholders are directed to use this 121,023,807 figure as the denominator when calculating whether a notifiable interest in the company has been reached or changed, making accurate tracking of treasury movements relevant to major shareholders.

Vietnam Enterprise Investments: Focus on Vietnamese Equities Through Dragon Capital

VEIL is managed by Dragon Capital, one of the longest-established asset managers focused on Vietnam, and the fund provides investors with exposure to Vietnamese listed and unlisted equities. Contact details in the announcement reference Paul Southgate at Dragon Capital as the company representative, alongside corporate broker Jefferies International Limited. The company operates as a closed-ended structure, meaning share buybacks can serve as a mechanism to manage any discount between the share price and net asset value — a characteristic risk and consideration specific to investment trusts operating in frontier and emerging markets such as Vietnam.