27 September 2012
VinaLand Limited (‘the Company’ or ‘VNL’) announces that on 25 September 2012, 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 9 August 2012, the Company purchased 150,000 Ordinary Shares of USD0.01 each at an average price of USD0.44 per share.
Additionally, on 26 September 2012, the Company purchased 150,000 Ordinary Shares of USD0.01 each at an average price of USD0.44 per share.
Following both transactions, VNL has spent USD7.6 million overall repurchasing 13,807,225 shares which have been cancelled. This represents 2.76 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 486,160,397.
More information on the Company is available at www.vinacapital.com/vnl.
VinaCapital Investment Management Limited
+84 8 821 9930
Grant Thornton Corporate Finance, Nominated Adviser
+44 (0)20 7383 5100
LCF 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 (Hong Kong)
+852 3716 9802
FTI Consulting, Public Relations (London)
+44 (0)20 7269 7204