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VinaLand Limited   -  VNL   

Distribution of Capital

Released 07:00 02-Jul-2018

RNS Number : 1613T
VinaLand Limited
02 July 2018
 

2 July 2018

 

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

 

Distribution of Capital from the Share Premium Account Completed

 

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 that following the Company's announcement on 13 June 2018, it has successfully distributed approximately USD53.92 million or USD33 cents per ordinary share (the "Distribution") from the Company's share premium account to shareholders on the register on 25 June 2018.

 

Following this distribution of capital to shareholders, the distribution hurdle relating to the alignment fee has now been achieved, triggering the commencement of alignment fee payments to the Manager going forward. 

 

More information on the Company is available at https://vnl.vinacapital.com.

                                                                                                                                                                      

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

For enquiries:

 

Jonathan Viet Luu / Joel Weiden                                                                      

VinaCapital Investment Management Limited

Investor Relations / Communications

+84 28 3821 9930

jonathan.luu@vinacapital.com / 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

 


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Distribution of Capital - RNS