26 Aug 2014 10:00
26 August 2014VinaLand LimitedShare buybackVinaLand Limited ('the Company' or 'VNL') announces that on 22 August 2014, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010 and in accordance with the terms referenced in the share buyback programme update announcement on 8 August 2014, the Company purchased 500,000 Ordinary Shares of USD0.01 each at an average price of USD0.5425 per share.Following these transactions, VNL has spent USD26.3 million overall repurchasing 49,343,542 shares which have been cancelled. This represents 9.87 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 450,624,080.More information on the Company is available at www.vnl-fund.com/ Enquiries:David Dropsey VinaCapital Investment Management LimitedInvestor Relations/Communications+84 8 3821 9930david.dropsey@vinacapital.com Philip SecrettGrant Thornton UK LLP, Nominated Adviser+44 (0)20 7383 5100philip.j.secrett@uk.gt.com Hiroshi Funaki/ Andrew DaviesEdmond de Rothschild Securities, Broker+44 (0)20 7845 5960funds@lcfr.co.uk David Benda / Hugh JonathanNumis Securities Limited, Broker+44 (0)20 7260 1000funds@numis.com Andrew WaltonFTI Consulting, Public Relations (London)+44 (0)20 7269 7204andrew.walton@fticonsulting.com