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Share buyback

10th Feb 2014 11:00

RNS Number : 6819Z
VinaLand Limited
10 February 2014
 



10 February 2014VinaLand LimitedShare buybackVinaLand Limited ('the Company' or 'VNL') announces that on 7 February 2014, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010 and in accordance with the terms referenced in the share buyback programme update announcement on 24 January 2014, the Company purchased 475,000 Ordinary Shares of USD0.01 each at an average price of USD0.50 per share.Following this transaction, VNL has spent USD10.9 million overall repurchasing 21,244,395 shares which have been cancelled. This represents 4.25 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 478,723,227. More information on the Company is available at www.vinacapital.com/vnl.Enquiries:David Dropsey VinaCapital Investment Management LimitedInvestor Relations/Communications+84 8 821 [email protected] Philip SecrettGrant Thornton UK LLP, Nominated Adviser+44 (0)20 7383 [email protected] Hiroshi Funaki/ Andrew DaviesEdmond de Rothschild Securities, Broker+44 (0)20 7845 [email protected] David Benda / Hugh JonathanNumis Securities Limited, Broker+44 (0)20 7260 [email protected] Andrew WaltonFTI Consulting, Public Relations (London)+44 (0)20 7269 [email protected]

This information is provided by RNS
The company news service from the London Stock Exchange
 
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