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 5 November 2026, as part of its ongoing buyback programme. The shares were acquired at prices ranging from 712p to 720p, with an average price of 716.60p per share. Following the transaction, VEIL's total treasury holding stands at 5,257,172 shares, with 120,973,807 shares remaining in issue and carrying voting rights. The buyback reduces the company's freely tradeable share count, a development investors in closed-ended funds typically monitor for its effect on the discount to net asset value.

Key Points

  • Vietnam Enterprise Investments Limited (VEIL) — London-listed closed-ended fund managed by Dragon Capital
  • VEIL purchased 50,000 ordinary shares of US$0.01 each on 5 November 2026, to be held in treasury
  • Price range: 712p (lowest) to 720p (highest); average price paid was 716.60p per share
  • Investors should watch the evolving treasury share count and any further buyback activity as a signal of discount management strategy

VEIL Repurchases 50,000 Shares at 716.60p Average on 5 November 2026

Vietnam Enterprise Investments Limited confirmed it purchased 50,000 ordinary shares of US$0.01 each on 5 November 2026. The highest price paid per share was 720p, the lowest was 712p, and the average price across the transaction was 716.60p. The announcement states that all repurchased shares will be held in treasury rather than cancelled, a standard mechanism for closed-ended investment companies seeking to manage their share count and, potentially, any discount to net asset value at which the fund's shares trade relative to its underlying portfolio.

Treasury Holdings Rise to 5,257,172 Shares Following Latest Transaction

Including shares purchased but not yet settled at the time of the announcement, VEIL's total treasury holding has reached 5,257,172 shares following this latest transaction. The company's total shares in issue, excluding treasury holdings, now stand at 120,973,807. This figure also represents the total number of voting rights in the company and serves as the official denominator shareholders must use when calculating whether they are required to disclose interests or changes in interests under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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

VEIL is managed by Dragon Capital, one of the longest-established investment managers with a focus on Vietnam. The fund provides investors with access to Vietnamese equities, a frontier-to-emerging market that has attracted institutional interest over recent years due to its export-driven economic growth. The buyback programme reflects ongoing capital allocation decisions by the board. Contact for the company is provided through Paul Southgate at Dragon Capital, with Jefferies International Limited acting as the firm's broker and Montfort Communications handling investor relations.

FCA Transparency Rules and Shareholder Notification Obligations

As a company with shares admitted to trading in the UK, VEIL is required to publish updated share capital and voting rights figures following any change in treasury holdings. The 120,973,807 shares in issue figure disclosed in the announcement represents the denominator shareholders must use to determine whether their holdings cross thresholds triggering notification obligations under the FCA's Disclosure Guidance and Transparency Rules. Investors holding positions in VEIL should review their exposure against this updated figure to ensure compliance with applicable disclosure requirements.