Eppley Caribbean Property Fund Limited (CPFV) has issued the following statement regarding CPFV’s Share Buy Back policy:
“The Purpose for the purchase or acquisition
The purpose of the acquisition is to unlock shareholder value by purchasing shares at a price that is 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 number of shares intended to be purchased or acquired, and the number of shares actually purchased or acquired.
The maximum number of shares to be acquired is 300,000.
“The effective date of the purchase or acquisition.
The effective date of the acquisition is at any time following the expiration of the 21 day notice period subject to market conditions and in accordance with the Company’s previously disclosed share buy back policy. We will provide details of the purchases, if any, within 10 days as required by Rule 413.
“The Source of funding of the purchase or acquisition.
The source of funding will be cash on our balance sheet.”