Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that the following CPFV shares were purchased on April 4, 2023, under the Company’s Value Fund – Share Buy Back Programme:
|
Effective date of purchase
|
Number of Securities Involved |
Price
$ |
|
4/4/2023 |
118 |
42.750000 |
|
Total |
118 |
|
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 April 4, 2023, is a total of 2,103,757 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.
