Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that 3,700 CPFV shares were purchased on May 24, and 31, 2022, 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.