Eppley Caribbean Property Fund Limited SCC (CPFV) – Share Buy Back

Eppley Caribbean Property Fund Limited SCC (CPFV) has  advised of  the Company’s intention for Share Buy Back, as follows:

“In accordance with the Eppley Caribbean Property Fund Limited SCC’s existing Share Buyback Policy which has been previously announced, this letter serves as a further notification of our intention to repurchase the Company’s shares.

“The Directors believe that the Company’s shares are currently trading at a significant discount to the Company’ s fair value for which its Net Asset Value per Share is a proxy. The Directors, therefore, believe that repurchasing shares would unlock significant value for the Company’s
shareholders.

“Accordingly, we hereby give notice of our intention to purchase shares on the open market from time to time using the Company’s cash at a price below or equal to the Company’s Net Asset Value per Share (J$48.64 per share as of September 30, 2019).

“In accordance with the rules of the Jamaica Stock Exchange regarding share repurchases, any purchases will take place following the expiration of 21 days from this notification and we will immediately provide you with the details of any purchases.”