VinaLand continues share buyback programme

5th Jan 2016 14:00

(ShareCast News) - VinaLand continued its extended share buyback programme apace at the end of 2015, further reducing the total voting rights in the company.The AIM-listed firm confirmed on Tuesday that it purchased 1,181,204 ordinary shares of $0.01 (£0.0068) each at an average price of $0.615 per share.VinaLand said the purchase was pursuant to the share buyback authority, which was added to the company's Memorandum and Articles of Association on 10 December 2010.Following the transactions, VinaLand had spent a total of $46.7m repurchasing and cancelling 84,361,560 shares, representative of 16.87% of the company's total ordinary shares in issue prior to the start of the share buyback programme."As a result, total voting rights in the company have been reduced to 415,606,062, the board, said in a statement.At 1400 GMT on Tuesday, shares in VinaLand were at $0.62.