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VinaLand Limited   -  VNL   

Share buyback

Released 11:55 26-Jul-2018

RNS Number : 8849V
VinaLand Limited
26 July 2018
 

26 July 2018

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 25 July 2018, the Company purchased 10,200,000 Ordinary Shares of USD0.01 each at an average price of USD0.28 per share.

Following these transactions, VNL has spent USD234.2 million overall repurchasing 346,767,734 shares which have been cancelled. This represents 69.4 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 153,199,888.

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

Enquiries:

Jenny Nguyen   
VinaCapital Investment Management Limited
Investor Relations
+84 28 3821 9930
duyen.h.nguyen@vinacapital.com

 

Joel Weiden

VinaCapital Investment Management Limited

Communications

+84 28 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

 

 


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Share buyback - RNS