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Share buyback

11 Mar 2014 09:01

RNS Number : 9996B
Vietnam Infrastructure Limited
11 March 2014
 



11 March 2014

Vietnam Infrastructure Limited

Share buyback

Vietnam Infrastructure Limited ('VNI', the 'Company') announces that on 7 March 2014, pursuant to the share buyback authority granted to the Company's Board of Directors on 27 July 2012 and in accordance with the terms referenced in the share buyback programme update announcement on 6 January 2014, Scepter Asia Limited, a wholly-owned subsidiary of the Company, purchased 2,545,000 ordinary shares of USD0.01 each at an average price of USD0.4209 per share. 

Following this transaction, VNI has spent USD16.3 million overall repurchasing 47,098,496 shares which are held as treasury shares. The total number of shares acquired represents 11.7 percent of the Company's 402,100,000 ordinary shares in issue and as a result, total voting rights in the Company have been reduced to 355,001,504.

More information on the Company is available at www.vinacapital.com/vni

 

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 / Andrew Davies

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

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