EPE Special Opportunities Limited Update on Share Buy Backs (9968P)
16 October 2019 - 5:00PM
UK Regulatory
TIDMESO TIDMEO.P TIDMEC.P TIDMEL.P
RNS Number : 9968P
EPE Special Opportunities Limited
16 October 2019
EPE Special Opportunities Limited
Update on Share Buy Backs
EPE Special Opportunities Limited ("ESO" or the "Company")
confirms its continued intention to purchase ordinary shares of the
Company ("Ordinary Shares") ("Share Buy Backs"), subject to
availability on attractive terms. This confirmation follows the
announcement made by the Company on 10 June 2019, indicating the
commencement of Share Buy Backs.
Any Share Buy Backs will be in line with the Company's stated
policy to pursue Share Buy Backs and will be made in accordance
with the terms set out in the notice made at the Company's annual
general meeting held on 30 July 2019.
The proposed Share Buy Backs will be funded by the Company's
cash reserves. Any Ordinary Shares purchased by the Company will be
held by in treasury.
Any Share Buy Backs are likely to exceed 25 per cent of the
average daily volume in the Ordinary Shares.
The Company may when appropriate, undertake Share Buy Backs at a
price that exceeds the higher of the price of the last independent
trade and the highest current independent purchase bid on the
trading venue where the purchase is carried out (being the price
stipulated by Article 3(2) of the Commission Delegated Regulation
(EU) 2016/1052 (Commission Delegated Regulation), as referred to in
Article 5(6) of the Market Abuse Regulation (MAR)).
The proposed Share Buy Backs will be effected on behalf of the
Company by its broker, Numis Securities Limited.
This announcement does not constitute, or form part of, an offer
or any solicitation of an offer for securities in any
jurisdiction.
The person responsible for releasing this information on behalf
of the Company is Hilary Jones of R&H Fund Services (Jersey)
Limited.
Enquiries:
EPIC Private Equity LLP +44 (0) 207 269 8865
Alex Leslie
R&H Fund Services (Jersey) Limited +44 (0) 1534 825 323
Hilary Jones
Cardew Group Limited +44 (0) 207 930 0777
Richard Spiegelberg
Numis Securities Limited +44 (0) 207 260 1000
Nominated Advisor: Stuart Skinner / Hugh Jonathan
Corporate Broker: Charles Farquhar
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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