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Share buyback

Mon, 27th Oct 2014 15:15

RNS Number : 3932V
VinaLand Limited
27 October 2014

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27 October 2014 VinaLand Limited Share buyback VinaLand Limited ('the Company' or 'VNL') announces that on 24 October 2014, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010, the Company purchased 1,000,000 ordinary shares of USD0.01 ("Ordinary Shares") each at an average price of USD0.55 per share. Following these transactions, VNL has spent USD31.6 million overall repurchasing 58,742,402 shares which have been cancelled. This represents 11.75 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 441,225,220. More information on the Company is available at www.vnl-fund.com/ Enquiries: David Dropsey VinaCapital Investment Management Limited Investor Relations/Communications +84 8 3821 9930 david.dropsey@vinacapital.com Philip Secrett Grant Thornton UK LLP, Nominated Adviser +44 (0)20 7383 5100 philip.j.secrett@uk.gt.com Hiroshi Funaki/ Andrew Davies Edmond de Rothschild Securities, Broker +44 (0)20 7845 5960 funds@lcfr.co.uk David Benda / Hugh Jonathan Numis Securities Limited, Broker +44 (0)20 7260 1000 funds@numis.com Andrew Walton FTI Consulting, Public Relations (London) +44 (0)20 7269 7204 andrew.walton@fticonsulting.com

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