Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that the following CPFV shares were purchased between January 24-27, 2023, under the Company’s Value Fund – Share Buy Back Programme:
|
Effective date of purchase
|
Number of Securities Involved |
Price
$ |
|
January 24, 2023 |
500 |
45.00 |
|
January 24, 2023 |
500 |
48.00 |
|
January 26, 2023 |
300 |
46.75 |
|
January 26, 2023 |
115 |
44.00 |
|
January 26, 2023 |
529 |
49.84 |
|
January 27, 2023 |
21 |
49.49 |
|
Total |
1,965 |
|
CPFV further advised as follows:
- The purpose of the purchase was to unlock shareholder value by purchasing at a price that is at a significant discount to our book value per share consistent with the strategy previously disclosed in our prospectus and our recently released Annual Report.
- The maximum intended repurchase is a total of 3,800,000 units; the actual repurchased as at January 27, 2023, is a total of 1,976,305 units.
- The source of funding was cash on our balance sheet.
- The shares were repurchased on the open market via our broker, NCB Capital Markets Limited.
