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VNLZ Vinaland

125.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vinaland LSE:VNLZ London Ordinary Share GG00BFN0VM06 ZDP SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 125.75 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Vinaland ZDP Ltd Director Appointment and Resignation (0995N)

20/10/2016 4:00pm

UK Regulatory


Vinaland (LSE:VNLZ)
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RNS Number : 0995N

Vinaland ZDP Ltd

20 October 2016

20 October 2016

VinaLand ZDP Ltd

Director Appointment and Resignation

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:

VinaLand Limited ("the Company" or "VNL"), the AIM-quoted investment vehicle established to target strategic segments within Vietnam's emerging real estate market, announces that the Board of Directors has appointed Mr. Ian Lydall as a new Independent Non-Executive Director, effective 25 October 2016.

Ian Lydall, aged 61, is a UK chartered accountant (FCA) with 39 years professional experience, most of which was with PwC and its predecessor firms. Ian's career has been in the UK (19 years), Oman (2 years), South Africa (3 years) and Vietnam/Indochina for 15 years. His in-depth accounting, audit and advisory experience has been in several different sectors, principally investment management and other financial services and FMCG. Ian was the territorial senior partner of PwC Indochina from 2001 to 2008 and CEO then Chairman of PwC Vietnam until his retirement from the firm in June 2015.

Since retirement from PwC, Ian has taken up independent non-executive roles with ACLEDA Bank Plc. Cambodia and AAA Corporation Vietnam (where he is Chairman) and is an adviser to Talentnet Corporation Vietnam.

Mr. Lydall will replace Mr. Nicholas Allen, who has resigned effective 25 October 2016 from the VNL Board in order to pursue new challenges. Mr. Allen was elected as a Non-executive Director in 2010 and was the Chairman of VNL's Audit Committee and Remuneration and Nomination Committee as well as a member of VNL's Valuation Committee. As a result, the total number of VNL Board members remains at five.

Michel Casselman, Chairman of VinaLand, stated: "I am very pleased to welcome Ian to the VinaLand Board and his past experience in accounting, audit and corporate governance in Vietnam and the region over the last 15 years will greatly assist VNL as it continues to develop and realise its property portfolio. At this occasion I also want to thank Nicholas Allen for his valuable contributions to the VNL Board and wish him all the best with his new challenges."

More information on the Company is available at www.vnl-fund.com

Enquiries:

Jonathan Viet Luu

VinaCapital Investment Management Limited

Investor Relations

+84 8 3821 9930

jonathan.luu@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

Further information on Ian Lydall

Ian Samuel Lydall is based in Ho Chi Minh City and has a B.Sc. (Econ) from the London School of Economics and Political Science, is a Fellow of the Institute of Chartered Accountants in England & Wales, Vietnam CPA and an Associate of the Institute of Taxation (UK). In 2011 he was awarded the Certificate of Merit by the Vietnam Prime Minister for services to the Vietnam auditing industry.

Mr Lydall currently holds and has held (including all appointments during the five years preceding the date of this announcement), the following directorships and partnerships, other than the Company:

 
 Current directorships:        Former directorships/partnerships 
                                (in the last five 
   Acleda Bank plc              years): 
   AAA Assurance Corporation     PricewaterhouseCoopers 
   Cornerstone Vietnam            (Vietnam) Limited 
   Talentnet Corporation         PricewaterhouseCoopers 
                                  (Indochina) Pte Ltd 
                                 PricewaterhouseCoopers 
                                  LLP 
 

Mr Lydall is not currently beneficially interested in the issued share capital of the Company.

There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

October 20, 2016 11:00 ET (15:00 GMT)

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