2 Jul 2018 07:00
2 July 2018
VinaLand Limited (the "Company" or "VNL")
Distribution of Capital from the Share Premium Account Completed
Ho Chi Minh City - VinaLand Limited, the AIM-quoted investment vehicle established to target strategic segments within Vietnam's emerging real estate market, announces today that following the Company's announcement on 13 June 2018, it has successfully distributed approximately USD53.92 million or USD33 cents per ordinary share (the "Distribution") from the Company's share premium account to shareholders on the register on 25 June 2018.
Following this distribution of capital to shareholders, the distribution hurdle relating to the alignment fee has now been achieved, triggering the commencement of alignment fee payments to the Manager going forward.
More information on the Company is available at https://vnl.vinacapital.com.
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For enquiries:
Jonathan Viet 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