23 May 2016 07:00
23 May 2016
VinaLand Limited ("the Company" or "VNL")
Distribution of capital from Share Premium Account of the Company
Ho Chi Minh City - VinaLand Limited, the AIM-quoted investment vehicle established to target strategic segments within Vietnam's emerging real estate market, announces that it will make a distribution of approximately USD35 million from the Share Premium Account.
The distribution of approximately USD35 million will be returned equally on a pro-rata basis to all shareholders, representing 8.76 cents per share.
Details of the distribution are as follows:
· Ex-distribution date Thursday 2 June 2016
· Record date Friday 3 June 2016
· Paid date Monday 6 June 2016
The Company announced the recent project disposals of the Century 21 project (announced on 11 May 2016), and the Danang Golf project (announced on 20 May 2016) and is continuing to work towards the closure of further project disposals.
Enquiries:Jeremy Greenberg
VinaCapital Investment Management Limited
Investor Relations
+84 8 3821 9930
jeremy.greenberg@vinacapital.com
Joel Weiden
VinaCapital Investment Management Limited
Communications
+84 8 3821 9930
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
Daniel Jason
Peregrine Communications, Public Relations (London)
+44 (0) 20 3040 0872
daniel.jason@peregrinecommunications.com