Share buyback
21 December 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 20 December 2017, the Company purchased 2,330,000 Ordinary Shares of USD0.01 each at an average price of USD0.581 per share.
Following these transactions, VNL has spent USD221.1 million overall repurchasing 319,162,734 shares which have been cancelled. This represents 63.8 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 180,804,888.
More information on the Company is available at www.vnl-fund.com/
Enquiries:
Jenny Nguyen
VinaCapital Investment Management Limited
Investor Relations
+84 28 3821 9930
[email protected]
Joel Weiden
VinaCapital Investment Management Limited
Communications
+84 28 3821 9930
[email protected]
Philip Secrett
Grant Thornton UK LLP, Nominated Adviser
+44 (0)20 7383 5100
[email protected]
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
[email protected]
This information is provided by RNS