Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that the following CPFV shares were purchased between June 27, 2023- July 3, 2023, under the Company’s Value Fund – Share Buy Back Programme:
Effective date of purchase | Number of Securities Involved | Price $ |
27/6/2023 | 112 | 41.750000 |
27/6/2023 | 132 | 41.750000 |
30/6/2023 | 100 | 42.000000 |
30/6/2023 | 500 | 41.950000 |
3/7/2023 | 200 | 41.950000 |
Total | 1044 |
CPFV further advised as follows:
- The purpose of 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 July 3, 2023 is a total of 2,104, 801 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.