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VinaLand Limited  -  VNL   

Share buyback

Released 11:40 13-Mar-2017

RNS Number : 2809Z
VinaLand Limited
13 March 2017
 

13 March 2017

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 10 March 2017, the Company purchased 2,470,000 Ordinary Shares of USD0.01 each at an average price of USD0.694 per share.

Following these transactions, VNL has spent USD105.3 million overall repurchasing 172,829,161 shares which have been cancelled. This represents 34.6 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 327,138,461.

More information on the Company is available at www.vnl-fund.com/ 

 

Enquiries:

Jenny Nguyen   
VinaCapital Investment Management Limited
Investor Relations
+84 8 3821 9930
duyen.h.nguyen@vinacapital.com

 

Joel Weiden

VinaCapital Investment Management Limited

Communications

+84 8 3821 9930

joel.weiden@vinacapital.com


Philip Secrett
Grant Thornton UK LLP, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com

 

David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
funds@numis.com

 


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