19 Jan 2007 14:11
VinaLand Limited19 January 2007 19 January 2007 VinaLand Limited (the "Company") Equity Fund Raising VinaLand Limited (AIM:VNL) is pleased to announce its intention to raiseapproximately US$200,000,000 by way of a limited private offer for subscriptionof 145,000,000 new ordinary shares of US$0.01 each (the "Ordinary Shares") at aprice of US$1.38 per share (the "Fund Raising"). The anticipated closing datefor the Fund Raising is 7 March 2007 and an application will be made to admitthe new Ordinary Shares for trading on AIM, currently expected to occur on 23March 2007. A further announcement will be made upon completion of the FundRaising. There will be a pre-emptive preference for the Company's existing shareholderswho participate in the Fund Raising. In the event subscriptions need to bescaled back, existing shareholders who participate in the Fund Raising by 26February 2007 will be guaranteed to receive an allocation of at least one (1)new Ordinary Share for each two (2) Ordinary Shares held by them on the recorddate of 22 January 2007. The timetable will be as follows: Record date for pre-emptive preference 22 January 2007 Subscription agreements distributed to investors 1 February 2007 Last date for receipt of completed subscription 26 February 2007agreements to be eligible for the pre-emptivepreference Closing Date 7 March 2007 Should you require more information about the Fund Raising, please contactbelow: Ms. Chi NguyenInvestor RelationsPhone: 84 8 821 9930Direct: 84 8 827 8258Email: chi.nguyen@vinacapital.com Mr. Philip Secrett Mr. Hiroshi FunakiGrant Thornton Corporate Finance LCF Rothschild Securities LimitedPhone: +44 (0) 870 991 2578 Phone: +44 (0) 207 845 5900 This information is provided by RNS The company news service from the London Stock Exchange