EPE Special Opps Ltd - Announcement of Share Buy Backs
RNS Number : 6505F
EPE Special Opportunities Limited
18 November 2020
 

EPE Special Opportunities Limited

 

Announcement of Share Buy Backs

 

EPE Special Opportunities Limited ("ESO" or the "Company") announces its intention to commence purchases of ordinary shares of the Company ("Ordinary Shares") ("Share Buy Backs"), subject to availability on attractive terms. The transactions will be in line with the Company's stated policy to pursue Share Buy Backs.

 

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 Ordinary Shares acquired pursuant to the Share Buy Backs will be announced to the market without delay.

 

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).

 

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 Amanda Robinson of Langham Hall Fund Management (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

Corporate Broker:

Charles Farquhar

 

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