REG - EPE Special Opps Ltd EPE Special Opp-EO.P EPE Special Opp-EL.P - Announcement of Share Buy Backs

EPE Special OpportunitiesAnnouncement

03/04/2025 13:00

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RNS Number : 5725D  EPE Special Opportunities Limited  03 April 2025

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"). The Company anticipates purchasing up to 2% of
issued shared capital, 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 in treasury. Any
Ordinary Shares acquired pursuant to the Share Buy Backs will be announced to
the market without delay.

 

The Board believes that the current low level of liquidity in its issued
ordinary shares may limit the progress in buying back shares. Accordingly, the
Company has agreed that on any given trading day a buyback of shares under the
share buyback programme may exceed 25 percent of the average daily trading
volume on each trading platform on which the Company's shares are traded.
Where a buyback of shares exceeds 25 per cent of the average daily trading
volume on any trading platform, the Company will not fall within the exemption
contained in Article 5(1) MAR.

 

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 ("Deutsche Numis").

 

Any purchase of the Company's ordinary shares contemplated by this
announcement will be carried out on a regulated trading venue and, save as
detailed above, Market Abuse Regulation 596/2014 and the Commission Delegated
Regulation (EU) 2016/1052 (both as incorporated into UK domestic law by the
European Union (Withdrawal) Act 2018).

 

Details of any ordinary shares repurchased will be notified to a Regulatory
Information Service by the Company following any repurchase as required by the
MAR.

 

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 Investment Partners LLP                   +44 (0) 207 269 8860

                                                Rupert Palmer

 Langham Hall Fund Management (Jersey) Limited  +44 (0) 153 488 5200

                                                Amanda Robinson

 Cardew Group Limited                           +44 (0) 207 930 0777

                                                Richard Spiegelberg

 Deutsche Numis                                 +44 (0) 207 260 1000
 Nominated Advisor:                             Stuart Skinner
 Corporate Broker:                              Charles Farquhar

 

 

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