Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that the following CPFV shares were purchased between March 30, and April 3, 2023, under the Company’s Value Fund – Share Buy Back Programme:
|
Effective date of purchase
|
Number of Securities Involved |
Price
$ |
|
30/3/2023 |
1,646 |
43.000000 |
|
30/3/2023 |
2,436 |
44.500000 |
|
31/3/2023 |
118 |
44.000000 |
|
31/3/2023 |
3,134 |
44.990000 |
|
31/3/2023 |
19,829 |
45.000000 |
|
31/3/2023 |
19,829 |
45.000000 |
|
31/3/2023 |
19,829 |
45.000000 |
|
31/3/2023 |
19,829 |
45.000000 |
|
31/3/2023 |
19,829 |
45.000000 |
|
31/3/2023 |
16,103 |
45.000000 |
|
3/4/2023 |
882 |
44.500000 |
|
Total |
123,464 |
|
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 April 3, 2023, is a total of 2,103,639 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.
