Mon, 14th Mar 2016 13:30
14 March 2016
VinaLand Limited ('the Company' or 'VNL') announces that, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010, on 11 March 2016, the Company purchased 643,000 Ordinary Shares of USD0.01 each at an average price of USD0.620 per share.
Following these transactions, VNL has spent USD51.4 million overall repurchasing 92,106,901 shares which have been cancelled. This represents 18.4 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 407,860,721.
More information on the Company is available at www.vnl-fund.com/
Enquiries: Jeremy Greenberg VinaCapital Investment Management Limited Investor Relations +84 8 3821 9930 Jeremy.email@example.com
Philip Secrett Grant Thornton UK LLP, Nominated Adviser +44 (0)20 7383 5100 firstname.lastname@example.org
David Benda / Hugh Jonathan Numis Securities Limited, Broker +44 (0)20 7260 1000 email@example.com
Andrew Walton FTI Consulting, Public Relations (London) +44 (0)20 7269 7204 firstname.lastname@example.org