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VinaLand Limited   -  VNL   

Share buyback

Released 11:14 06-Aug-2018

RNS Number : 9355W
VinaLand Limited
06 August 2018
 

6 August 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 3 August 2018, the Company purchased 1,100,000 Ordinary Shares of USD0.01 each at an average price of USD0.28 per share.

Following these transactions, VNL has spent USD234.5 million overall repurchasing 347,867,734 shares which have been cancelled. This represents 69.6 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 152,099,888.

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

Enquiries:

Michael Truong   
VinaCapital Investment Management Limited
Investor Relations
+84 28 3821 9930
michael.truong@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