24 Jun 2016 17:15
24 June 2016
VinaLand Limited
Share buyback
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 23 June 2016, the Company purchased 1,000,000 Ordinary Shares of USD0.01 each at an average price of USD0.578 per share.
Following these transactions, VNL has spent USD58.9 million overall repurchasing 103,786,661 shares which have been cancelled. This represents 20.8 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 396,180,961.
More information on the Company is available at www.vnl-fund.com/
Enquiries:Jeremy Greenberg VinaCapital Investment Management LimitedInvestor Relations+84 8 3821 9930Jeremy.greenberg@vinacapital.com
Joel Weiden
VinaCapital Investment Management Limited
Communications
+84 8 3821 9930
joel.weiden@vinacapital.com
Philip SecrettGrant Thornton UK LLP, Nominated Adviser+44 (0)20 7383 5100philip.j.secrett@uk.gt.com
David Benda / Hugh JonathanNumis Securities Limited, Broker+44 (0)20 7260 1000funds@numis.comDaniel Jason
Peregrine Communications, Public Relations (London)
+44 (0) 20 3040 0872
daniel.jason@peregrinecommunications.com
VNL.L (VNL)