Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that the following CPFV shares were purchased between December 15, and 20, 2022, under the Company’s Value Fund – Share Buy Back Programme:
|
Effective date of purchase
|
Number of Securities Involved |
Price $ |
|
15/12/2022 |
500 |
43.75 |
|
15/12/2022 |
200 |
45.00 |
|
15/12/2022 |
250 |
43.75 |
|
15/12/2022 |
250 |
45.00 |
|
15/12/2022 |
995 |
44.98 |
|
16/12/2022 |
4,000 |
45.00 |
|
16/12/2022 |
251 |
43.75 |
|
16/12/2022 |
249 |
43.75 |
|
16/12/2022 |
201 |
43.75 |
|
16/12/2022 |
400 |
43.50 |
|
16/12/2022 |
399 |
43.50 |
|
16/12/2022 |
429 |
45.00 |
|
16/12/2022 |
500 |
44.00 |
|
16/12/2022 |
500 |
43.75 |
|
16/12/2022 |
250 |
43.25 |
|
16/12/2022 |
9 |
43.25 |
|
16/12/2022 |
2,500 |
44.95 |
|
19/12/2022 |
200 |
44.75 |
|
19/12/2022 |
290 |
44.75 |
|
20/12/2022 |
194 |
44.75 |
|
20/12/2022 |
806 |
44.75 |
|
20/12/2022 |
16 |
44.75 |
|
Total |
13,389 |
|
CPFV further advised as follows:
- The purpose for 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 December 20, 2022, is a total of 1,628,543 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.
