4 Nov 2013 10:50
4 November 2013
VinaLand Limited
Share buyback
VinaLand Limited ('the Company' or 'VNL') announces that on 1 November 2013, 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 13 August 2013, the Company purchased 300,000 Ordinary Shares of USD0.01 each at an average price of USD0.405 per share.
Following this transaction, VNL has spent USD10.4 million overall repurchasing 20,319,395 shares which have been cancelled. This represents 4.06% 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 479,648,227.
More information on the Company is available at www.vinacapital.com/vnl.
Enquiries:
David Dropsey
VinaCapital Investment Management Limited
Investor Relations/Communications
+84 8 821 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
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