VinaLand Limited Distribution of Capital (1613T)
July 02 2018 - 2:00AM
UK Regulatory
TIDMVNL
RNS Number : 1613T
VinaLand Limited
02 July 2018
2 July 2018
VinaLand Limited (the "Company" or "VNL")
Distribution of Capital from the Share Premium Account
Completed
Ho Chi Minh City - VinaLand Limited, the AIM-quoted investment
vehicle established to target strategic segments within Vietnam's
emerging real estate market, announces today that following the
Company's announcement on 13 June 2018, it has successfully
distributed approximately USD53.92 million or USD33 cents per
ordinary share (the "Distribution") from the Company's share
premium account to shareholders on the register on 25 June
2018.
Following this distribution of capital to shareholders, the
distribution hurdle relating to the alignment fee has now been
achieved, triggering the commencement of alignment fee payments to
the Manager going forward.
More information on the Company is available at
https://vnl.vinacapital.com.
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For enquiries:
Jonathan Viet Luu / Joel Weiden
VinaCapital Investment Management Limited
Investor Relations / Communications
+84 28 3821 9930
jonathan.luu@vinacapital.com / joel.weiden@vinacapital.com
Philip Secrett
Grant Thornton UK LLP, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
funds@numis.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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