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Share buyback

18th Nov 2014 10:15

RNS Number : 3146X
VinaLand Limited
18 November 2014
 



18 November 2014VinaLand LimitedShare buybackVinaLand Limited ('the Company' or 'VNL') announces that on 14 November 2014, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010, the Company purchased 1,600,000 Ordinary Shares of USD0.01 each at an average price of USD0.5825 per share.Following these transactions, VNL has spent USD32.9 million overall repurchasing 61,042,402 shares which have been cancelled. This represents 12.21 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 438,925,220.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]

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