27th Oct 2014 15:15
27 October 2014VinaLand LimitedShare buybackVinaLand Limited ('the Company' or 'VNL') announces that on 24 October 2014, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010, the Company purchased 1,000,000 ordinary shares of USD0.01 ("Ordinary Shares") each at an average price of USD0.55 per share.Following these transactions, VNL has spent USD31.6 million overall repurchasing 58,742,402 shares which have been cancelled. This represents 11.75 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 441,225,220.More information on the Company is available at www.vnl-fund.com/ Enquiries:David Dropsey VinaCapital Investment Management LimitedInvestor Relations/Communications+84 8 3821 [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]
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