Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that a total of 34,362 CPFV shares were purchased during the period December 28 – 31, 2020, under the Company’s Value Fund – Share Buy Back’ programme.
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 source of funding was cash on our balance sheet.
• The shares were repurchased on the open market via our broker, NCB Capital Markets Limited.