LONDON - EPE Special Opportunities Limited (ESO), a UK-based investment company, has announced its intention to buy back its ordinary shares, using the company's cash reserves to fund the transactions. The buybacks are part of ESO's strategy to manage its share capital and will be executed subject to market conditions. Shares purchased will be held in treasury.
The company noted that due to low liquidity levels of its shares, buybacks on any given day might surpass 25% of the average daily trading volume across trading platforms. Such transactions would not be exempt under Article 5(1) of the Market Abuse Regulation (MAR). Additionally, ESO may buy back shares at prices above the last independent trade or the highest current independent bid, as allowed by regulatory provisions.
The share buyback operations will be conducted through Numis Securities Limited, acting as the company's broker. All transactions will be promptly disclosed to the market in compliance with MAR requirements.
This announcement is purely informational and is not an offer or a solicitation of an offer for the purchase of securities. The information is based on a press release statement.
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