Further to notice dated March 1, 2022 entitled “First Rock Capital Holdings Limited Ordinary Share Buyback”, First Rock Real Estate Investments Limited wishes to advise that the company’s ordinary share buyback exercise has not yet commenced and will instead commence on September 1, 2022. The open market share buyback programme will be for the Company’s ordinary shares not to exceed 10% of the Company’s capital.
The programme is intended to be used as a tool for First Rock Real Estate Investments Limited to unlock shareholder value over time and will be funded by cash on the Company’s balance sheet. The execution of the programme will be communicated to the market in due course.
