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Share buyback

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By LSE RNS

RNS Number : 2690L
VinaLand Limited
17 July 2017
 

17 July 2017

VinaLand Limited

Share buyback

VinaLand Limited ('the Company' or 'VNL') announces that, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010, on 14 July 2017, the Company purchased 1,300,000 Ordinary Shares of USD0.01 each at an average price of USD0.771 per share.

Following these transactions and the recent Tender Offer, VNL has spent USD162.1 million overall repurchasing 246,780,002 shares which have been cancelled. This represents 49.4 percent of the Company's 499,967,622 Ordinary Shares in issue prior to the beginning of the share buyback program and as a result, total voting rights in the Company have been reduced to 253,187,620.

More information on the Company is available at www.vnl-fund.com/ 

 

Enquiries:

Jonathan Luu / Joel Weiden   
VinaCapital Investment Management Limited
Investor Relations / Communications
+84 28 3821 9930
jonathan.luu@vinacapital.com / joel.weiden@vinacapital.com


Philip Secrett
Grant Thornton UK LLP, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com

 

David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
funds@numis.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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