Vinaland ZDP Ltd ZDP - Notice of Redemption (6592P)
November 21 2016 - 2:00AM
UK Regulatory
TIDMVNLZ
RNS Number : 6592P
Vinaland ZDP Ltd
21 November 2016
21 November 2016
VinaLand ZDP Ltd
ZDP - Notice of Redemption
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:
21 November 2016
VinaLand Limited
VinaLand ZDP Notice of Redemption
VinaLand Limited ('the Company' or 'VNL') announces that, the
redemption of VinaLand ZDP Ltd Shares will occur in December
2016.
Vinaland ZDP Limited is a wholly owned subsidiary of Vinaland
Limited ("Vinaland"). The Company's principal investment objective
is to provide the holders of the zero dividend preference shares
with a predetermined final capital entitlement on December
2016.
REDEMPTION OF ZERO DIVIDEND PREFERENCE SHARES AND NOTICE OF
CANCELLATION
The Company is pleased to announce the redemption of its Zero
Dividend Preference Shares ("ZDP Shares") which are set to reach
maturity on 19 December 2016. The details are as follows:
-- The final capital entitlement is GBP1.26 per ZDP Share.
-- Total number of ZDP Shares subject to redemption is
15,000,000 shares.
-- The record date for the final capital entitlement is 6.00p.m.
on 12 December 2016.
-- CREST accounts of non-certificated holders are expected to be
credited on 19 December 2016.
-- Cheques are expected to be mailed to certificated holders on
19 December 2016.
As such, the Company has requested the UK Listing Authority
("UKLA") suspend the listing of the ZDP Shares on the standard
listing segment of the Official List and requested the London Stock
Exchange (the "LSE") suspend trading of the ZDP Shares on the main
market of the LSE, effective at 7.30a.m. on 13 December 2016.
In addition, the Company has applied to the UKLA to cancel the
listing of the ZDP Shares on the Official List and applied to the
LSE for the cancellation of admission to trading on the main market
of the LSE. It is the Company's intention that the listing will be
cancelled on 19 December 2016.
For further information:
The Company Secretary, Jupiter Secretaries Limited
Mont Crevelt House
Bulwer Avenue
St Sampson
Guernsey
GY2 4LH
Simon Savident, +44 (0)1481 242233, info@jupiter.gg
Note to Editors
Vinaland ZDP Limited is a wholly owned subsidiary of Vinaland
Limited ("Vinaland"). The Company's principal investment objective
is to provide the holders of the zero dividend preference shares
with a predetermined final capital entitlement on December
2016.
Vinaland is a closed-ended Cayman Islands registered, exempted
company and is part of the VinaCapital Group, which engages in
property investment and development in Vietnam and surrounding
Asian countries. The Group had assets under management of
approximately USD1.3 billion as at 30 June 2016.
More information on the Company is available at
www.vnl-fund.com/
Enquiries:
Jenny Nguyen
VinaCapital Investment Management Limited
Investor Relations
+84 8 3821 9930
duyen.h.nguyen@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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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