March 29, 2023
Eppley Limited (EPLY) has advised that Eppley Fund Managers Limited (EFM), a wholly owned subsidiary of EPLY, has advised that its tender offer to purchase shares of the Eppley Caribbean Property Fund Limited SCC – Development Fund has successfully closed. 24,335,503 of the Shares were deposited in response to EFM’s offer to purchase at a cash price of $0.21 Barbados currency per share. EFM has agreed to take up and purchase all deposited shares. If the tender and acceptance of all Development Fund shares is confirmed by the Barbados Stock Exchange as expected, EFM will own 45.04% of Shares.
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