RNS Number : 6515G
02 July 2012
2 July 2012
VinaLand Limited ('the Company' or 'VNL') announces that on 29 June 2012, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010, the Company purchased 530,010 Ordinary Shares of US$0.01 each at an average price of US$0.47 per share.
Following this transaction, VNL has spent USD5.3 million overall repurchasing 9,002,760 shares which have been cancelled. This represents 1.8 percent of the Company's 499,967,622 Ordinary Shares in issue and as a result, total voting rights in the Company have been reduced to 490,964,862. Since the beginning of the share buyback program, shares repurchased have had an accretive effect; increasing NAV per share by USD0.01, based on 31 March 2012 net asset value.
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
This information is provided by RNS
The company news service from the London Stock Exchange