VinaLand continues share buyback programme

VinaLand continued its long-running share buyback programme this month, confirming on Tuesday that it purchased 1.1 million ordinary shares of one US cent each, at 66 cents a piece on 15 April.

The AIM-traded company had added a share buyback authority to its Memorandum and Articles of Association on 10 December 2010.

Following the transaction, VinaLand has now spend a total of $3.2m (£2.23m) overall repurchasing 94,831,901 shares, which have subsequently been cancelled.

That represents 19% of the company’s ordinary shares in issue before the share buyback programme began, and has resulted in total voting rights in the company being reduced to 405,135,721.