Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that the following CPFV shares were purchased between January 3 and 6, 2023 under the Company’s Value Fund – Share Buy Back Programme:
|
Effective date of purchase
|
Number of Securities Involved |
Price
$ |
|
January 3, 2023 |
500 |
45.05 |
|
January 3, 2023 |
177 |
45.00 |
|
January 3, 2023 |
89 |
47.21 |
|
January 3, 2023 |
64 |
47.22 |
|
January 3, 2023 |
4320 |
46.30 |
|
January 4, 2023 |
16 |
50.00 |
|
January 5, 2023 |
11 |
50.00 |
|
January 6, 2023 |
889 |
49.99 |
|
Total |
6,066 |
|
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 January 6, 2023, is a total of 1,970,335 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.
