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VinaLand Limited   -  VNL   

Pricing Notice for the Tender Offer

Released 07:00 25-May-2017

RNS Number : 1680G
VinaLand Limited
25 May 2017

25 May 2017

VinaLand Limited ("the Company" or "VNL")

Pricing Notice for the Tender Offer

Ho Chi Minh City - VinaLand Limited, the AIM-quoted investment vehicle established to target strategic segments within Vietnam's emerging real estate market, announces today, 25 May 2017 (the "Pricing Date") that the Offer Price has been fixed at USD0.79 per ordinary share.

The Company announced on 17 May 2017 that it will conduct a distribution of USD40 million to shareholders through a tender offer to purchase ordinary shares of US$0.01 each ("Ordinary Shares") in the Company (the "Tender Offer"). The Tender Offer is offered to all shareholders on the register on 26 May 2017 at a fixed price set at a 15% discount to the NAV per share on the Pricing Date. Shareholders can elect to accept or decline participation in the Tender Offer; to the extent that not all shareholders decide to participate in the Tender Offer, the Company will be able to acquire additional Ordinary Shares from participating shareholders above their individual allocations.  Such surplus tenders will be accepted on a pro rata basis as calculated by the Company, provided that the maximum value of Ordinary Shares repurchased does not exceed USD40 million.

Further information on the Tender is available in the Tender Circular and Tender Form which have been sent to shareholders and are available on the Company's website at


Jonathan Viet Luu
VinaCapital Investment Management Limited
Investor Relations
+84 8 3821 9930

Joel Weiden

VinaCapital Investment Management Limited


+84 8 3821 9930


Philip Secrett

Grant Thornton UK LLP, Nominated Adviser

+44 (0)20 7383 5100


David Benda / Hugh Jonathan

Numis Securities Limited, Broker

+44 (0)20 7260 1000

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Pricing Notice for the Tender Offer - RNS