Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that the Company will be continuing its existing Share Buyback policy, which has been previously announced:
“This letter serves as a notification of our intention to continue to repurchase the Company’s share utilizing the same aggregated account for the share buyback.
“The Company intends to purchase up to an additional 500,000 shares on the open market from time to time using the Company’s cash. The purpose of the acquisition of shares is to unlock significant value for the Company’s shareholders by purchasing shares at a price below or equal to the Company’s Net Asset Value per Share. This is consistent with the strategy previously disclosed in our prospectus and Annual Report.
“The Net Asset Value per Share published in the most recent financial statements was BBD$0.71/J$48.06 as at March 31, 2020.
“In accordance with the rules of the Jamaica Stock Exchange regarding share repurchases, any purchases in excess of the previous notification will take place following the expiration of 21 days from this notification and we will immediately provide you with the details of any purchases,” states CPFV.
