VinaLand Limited (‘the Company’ or ‘VNL’) announces that on 14 May 2014, pursuant to the share buyback authority added to the Company’s Memorandum and Articles of Association on 10 December 2010, the Company purchased 700,000 Ordinary Shares of USD0.01 each at an average price of USD0.54 per share.
Following this transaction, VNL has spent USD15.7 million overall repurchasing 30,086,895 shares which have been cancelled. This represents 6.02 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 469,880,727.
More information on the Company is available at www.vinacapital.com/vnl.
VinaCapital Investment Management Limited
+84 8 821 9930
Grant Thornton UK LLP, Nominated Adviser
+44 (0)20 7383 5100
Hiroshi Funaki/ Andrew Davies
Edmond de Rothschild Securities, Broker
+44 (0)20 7845 5960
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
FTI Consulting, Public Relations (London)
+44 (0)20 7269 7204