Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that the following CPFV shares were purchased between December 21, and 23, 2022, under the Company’s Value Fund – Share Buy Back Programme:
|
Effective date of purchase
|
Number of Securities Involved |
Price $ |
|
21/12/2022 |
3,036 |
44.00 |
|
21/12/2022 |
194 |
44.00 |
|
21/12/2022 |
464 |
44.00 |
|
21/12/2022 |
491 |
43.50 |
|
21/12/2022 |
500 |
42.75 |
|
21/12/2022 |
1,200 |
42.50 |
|
21/12/2022 |
1,000 |
41.75 |
|
21/12/2022 |
767 |
41.00 |
|
21/12/2022 |
750 |
40.00 |
|
21/12/2022 |
3,195 |
40.00 |
|
21/12/2022 |
305 |
45.00 |
|
22/12/2022 |
494 |
44.98 |
|
23/12/2022 |
1,000 |
44.00 |
|
23/12/2022 |
3,694 |
45.00 |
|
Total |
17,090 |
|
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 23, 2022, is a total of 1,645,633 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.
