Eurocastle Investment Limited: Share Buyback Programme: Transactions in week ending 8 November 2019

Contact:Oak Fund Services (Guernsey) LimitedCompany Administrator Attn:  Mark WoodallTel:  +44 1481 723450                                                              

Share Buyback Programme: Transactions in week ending 8 November 2019

­­­Guernsey, 11 November 2019 – Eurocastle Investment Limited (“Eurocastle” or the “Company”) today announces that between 4 November 2019 and 8 November 2019, under its fifth non-discretionary share buyback programme with Liberum Capital Limited (acting as the Company's broker) announced on 9 August 2019 and commenced on 16 September 2019 (the “Fifth Buyback Programme”), it bought back 14,965 of its ordinary shares at an average price of €7.11 per ordinary share. The purchased shares will all be held as treasury shares.

The purpose of the share buyback programme is to reduce the share capital of the Company and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

The following transactions have been made under the buyback programme:

Accumulated, most recent announcement Platform code Volume Volume Weighted Average Price Gross Value (€)
04/11/2019 BATE 164 7.12 1,168
  XLON 2,687 7.10 19,073
  CHIX 251 7.10 1,782
  TRQX 233 7.12 1,659
  Total 3,335 7.10 23,682
05/11/2019 BATE 158 7.10 1,122
  XLON 2,539 7.11 18,042
  CHIX 239 7.10 1,697
  TRQX 226 7.10 1,605
  Total 3,162 7.11 22,466
06/11/2019 BATE 160 7.08 1,133
  XLON 2,709 7.13 19,307
  CHIX 248 7.08 1,756
  TRQX 237 7.14 1,692
  Total 3,354 7.12 23,887
07/11/2019 BATE 164 7.16 1,174
  XLON 1,251 7.13 8,915
  CHIX 164 7.16 1,174
  TRQX 239 7.12 1,703
  Total 1,818 7.13 12,966
08/11/2019 BATE 163 7.12 1,161
  XLON 2,741 7.11 19,487
  CHIX 160 7.12 1,139
  TRQX 232 7.12 1,652
  Total 3,296 7.11 23,439

Following the above transactions:

  • The total number of ordinary shares of the Company in issue is 55,379,438
  • The total number of ordinary shares held by Eurocastle in treasury is 18,967,371 (equal to 34.2% of the Company’s share capital)
  • The total number of voting rights exercisable by holders of ordinary shares of the Company is 36,412,067 as voting rights of shares held in treasury are suspended.

ABOUT EUROCASTLE

Eurocastle Investment Limited is a publicly traded closed-ended investment company that focuses on investing in performing and non-performing loans and other real estate related assets primarily in Italy. The Company is Euro denominated and is listed on Euronext Amsterdam under the symbol “ECT”. Eurocastle is managed by an affiliate of Fortress Investment Group LLC, a leading global investment manager. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.

Set out below are all trades completed 4 November 2019 and 8 November 2019:

  Platform code Volume Price Gross Value (€)
04/11/2019 BATE   164   7.12   1,167.68
  CHIX   151   7.10   1,072.10
  CHIX   100   7.10   710.00
  TRQX   233   7.12   1,658.96
  XLON   240   7.10   1,704.00
  XLON   85   7.10   603.50
  XLON   375   7.10   2,662.50
  XLON   240   7.10   1,704.00
  XLON   200   7.10   1,420.00
  XLON   322   7.12   2,292.64
  XLON   500   7.14   3,570.00
  XLON   340   7.08   2,407.20
  XLON   65   7.04   457.60
  XLON   300   7.04   2,112.00
  XLON   20    6.98   139.60
    3,335 7.10 23,681.78
05/11/2019 XAMS   929   7.10   6,595.90
  XAMS   508   7.12   3,616.96
  XAMS   500   7.10   3,550.00
  XAMS   260   7.12   1,851.20
  XAMS   232   7.10   1,647.20
  CHIX   182   7.10   1,292.20
  BATE   158   7.10   1,121.80
  TRQX   143   7.08   1,012.44
  XAMS   110   7.10   781.00
  TRQX   75   7.14   535.50
  CHIX   57   7.10   404.70
  TRQX   8   7.14   57.12
    3,162 7.11 22,466.02
06/11/2019 XAMS 463 7.12   3,296.56
  XAMS 91 7.12   647.92
  XAMS 404 7.12   2,876.48
  XAMS 116 7.12   825.92
  XAMS 390 7.14   2,784.60
  TRQX 237 7.14   1,692.18
  XAMS 537 7.14   3,834.18
  XAMS 280 7.12   1,993.60
  XAMS 346 7.12   2,463.52
  XAMS 82 7.12   583.84
  CHIX 248 7.08   1,755.84
  BATE 160 7.08   1,132.80
    3,354 7.12 23,887.44
07/11/2019 XAMS 107 7.12 761.84
  XAMS 184 7.12 1310.08
  XAMS 566 7.12 4029.92
  XAMS 129 7.14 921.06
  XAMS 265 7.14 1892.10
  TRQX 94 7.16 673.04
  BATE 164 7.16 1174.24
  CHIX 164 7.16 1174.24
  TRQX 145 7.10 1029.50
    1,818 7.13 12,966.02
08/11/2019 XAMS   100 7.12   712.00
  XAMS   18 7.12   128.16
  XAMS   309 7.10   2,193.90
  XAMS   491 7.10   3,486.10
  XAMS   230 7.08   1,628.40
  XAMS   93 7.08   658.44
  XAMS   1,378 7.12   9,811.36
  XAMS   3 7.12   21.36
  XAMS   100 7.12    712.00
  XAMS   19 7.12   135.28
  TRQX   22 7.12   156.64
  CHIX   75 7.12   534.00
  CHIX   85 7.12   605.20
  TRQX   210 7.12   1,495.20
  BATE    163 7.12   1,160.56
    3,296 7.11 23,438.60
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