VNLZ Vinaland

TIDMVNLZ

RNS Number : 9024Y

Vinaland ZDP Ltd

23 May 2016

23 May 2016

VinaLand ZDP Ltd

Distribution of capital from Share Premium Account of the Company

VinaLand ZDP Ltd, admitted to the main market of the London Stock Exchange, announces that today its parent company VinaLand Limited ("VNL") made the following announcement:

Ho Chi Minh City - VinaLand Limited, the AIM-quoted investment vehicle established to target strategic segments within Vietnam's emerging real estate market, announces that it will make a distribution of approximately USD35 million from the Share Premium Account.

The distribution of approximately USD35 million will be returned equally on a pro-rata basis to all shareholders, representing 8.76 cents per share.

Details of the distribution are as follows:

   --     Ex-distribution date       Thursday 2 June 2016 
   --     Record date                        Friday 3 June 2016 
   --     Paid date                             Monday 6 June 2016 

The Company announced the recent project disposals of the Century 21 project (announced on 11 May 2016), and the Danang Golf project (announced on 20 May 2016) and is continuing to work towards the closure of further project disposals.

Enquiries:

Jeremy Greenberg

VinaCapital Investment Management Limited

Investor Relations

+84 8 3821 9930

jeremy.greenberg@vinacapital.com

Joel Weiden

VinaCapital Investment Management Limited

Communications

+84 8 3821 9930

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

Daniel Jason

Peregrine Communications, Public Relations (London)

+44 (0) 20 3040 0872

daniel.jason@peregrinecommunications.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 23, 2016 02:00 ET (06:00 GMT)

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