Vietnam Enterprise Investments Ltd Directorate Change (0019S)

TIDMVEIL

RNS Number : 0019S

Vietnam Enterprise Investments Ltd

01 November 2023

COMPANY ANNOUNCEMENT

For Immediate Release

1 November 2023

Vietnam Enterprise Investments Limited

("VEIL" or the "Company")

Re: Directorate Change

Mr. Gordon Lawson has informed the Board that he will step down as Chair of the Company and resign from the Board, both effective 30 June 2024. Mr. Lawson has served as an independent non-executive director of VEIL since July 2014, and as Chair since 2022. The Board would like to thank Mr. Lawson for his valuable contribution during his time on the Board. During his tenure and guidance as Chair, the Company has significantly grown its assets under management, and has also admitted its shares to trading on the main market of the London Stock Exchange.

The Board has elected Ms. Sarah Arkle, currently an independent non-executive director, to replace Mr. Lawson as Chair of the Company after Mr. Lawson steps down on 30 June 2024.

In light of impending new legislation setting higher standards for financial reporting of FTSE 350 companies, the Board also takes this opportunity to announce the separation of its existing Audit and Risk Committee into (i) an Audit and Compliance Committee and (ii) a Risk Management Committee. The latter change reflects the increasing importance of risk management (including ESG and climate change risks) as a separate oversight function of the Board.

The Board has reviewed the membership of each of its committees, and is pleased to announce the following changes:

 
 For the period 1 November 2023 - 30 June 2024 
          Committee                   Chair                Member             Member 
                              --------------------  --------------------  -------------- 
 Risk Management               Entela Benz-Saliasi   Vi Peterson           Low Suk Ling 
                              --------------------  --------------------  -------------- 
 Management Engagement         S arah Arkle          G ordon Lawson        Charles Cade 
                              --------------------  --------------------  -------------- 
 Nomination and Remuneration   Vi Peterson           Entela Benz-Saliasi   Gordon Lawson 
                              --------------------  --------------------  -------------- 
 Audit and Compliance          Low Suk Ling          Charles Cade          Sarah Arkle 
                              --------------------  --------------------  -------------- 
 
 
 F rom 1 July 2024 onwards 
          Committee                   Chair                Member                Member 
                              --------------------  --------------------  -------------------- 
 Risk Management Committee     Entela Benz-Saliasi   Vi Peterson           Low Suk Ling 
                              --------------------  --------------------  -------------------- 
 Management Engagement         Charles Cade          Entela Benz-Saliasi   S arah Arkle 
                              --------------------  --------------------  -------------------- 
 Nomination and Remuneration   Vi Peterson           S arah Arkle          - 
                              --------------------  --------------------  -------------------- 
 Audit and Compliance          Low Suk Ling          Charles Cade          Entela Benz-Saliasi 
                              --------------------  --------------------  --------------------

Also with effect from 1 November 2023, Ms. Vi Peterson shall replace Ms. Entela Benz-Saliasi as the senior independent non-executive director of the Board.

All Directors will again offer themselves for re-election (or in the case of Mr. Charles Cade, election) to the Board at the next Annual General Meeting of the Company in accordance with corporate governance best practice.

For further information, please contact:

Vietnam Enterprise Investments Limited

Rachel Hill

+44 (0) 797 121 4852

+44 (0) 1225 618 150

rachelhill@dragoncapital.com

Jefferies International Limited

Stuart Klein

+44 (0) 20 7029 8703

stuart.klein@jefferies.com

Buchanan

Charles Ryland / Henry Wilson / George Beale

+44 (0) 20 7466 5111

veil@buchanan.uk.com

LEI: 213800SYT3T4AGEVW864

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