Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that the following CPFV shares were purchased between December 6, and 14, 2022, under the Company’s Value Fund – Share Buy Back Programme:
|
Effective date of purchase
|
Number of Securities Involved |
Price $ |
|
6/12/2022 |
433 |
44.89 |
|
6/12/2022 |
60 |
41.75 |
|
6/12/2022 |
257 |
44.50 |
|
7/12/2022 |
43 |
45.00 |
|
7/12/2022 |
107 |
45.00 |
|
7/12/2022 |
1,198 |
42.00 |
|
8/12/2022 |
646 |
44.00 |
|
12/12/2022 |
450 |
44.00 |
|
12/12/2022 |
500 |
42.00 |
|
12/12/2022 |
300 |
41.75 |
|
12/12/2022 |
1,000 |
41.00 |
|
12/12/2022 |
5,762 |
40.00 |
|
12/12/2022 |
45 |
44.00 |
|
12/12/2022 |
192 |
44.00 |
|
12/12/2022 |
8 |
44.00 |
|
12/12/2022 |
100 |
42.75 |
|
14/12/2022 |
1,000 |
43.00 |
|
14/12/2022 |
200 |
42.75 |
|
14/12/2022 |
233 |
41.00 |
|
14/12/2022 |
751 |
43.00 |
|
14/12/2022 |
1,001 |
43.50 |
|
14/12/2022 |
944 |
44.98 |
|
Total |
15,230 |
|
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 14, 2022, is a total of 1,615,154 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.
