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Latest Share Chat

Share buyback

29 Sep 2014 17:45

RNS Number : 9085S
VinaLand Limited
29 September 2014
 



29 September 2014VinaLand LimitedShare buybackVinaLand Limited ('the Company' or 'VNL') announces that on 26 September 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 700,000 Ordinary Shares of USD0.01 each at an average price of USD0.555 per share.Following these transactions, VNL has spent USD28.6 million overall repurchasing 53,403,542 shares which have been cancelled. This represents 10.68 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 446,564,080.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

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