Contact:

International Administration Group (Guernsey) Limited

Company Administrator
Attn:  Mark Woodall

Tel:  +44 1481 723450                                                              


Share Buyback Programme: Transactions in Week Nine



Guernsey, 8 October 2018 – Eurocastle Investment Limited (“Eurocastle” or the “Company”) today announces that between 1 October 2018 and 5 October 2018, as part of the previously announced buyback programme entered into with Liberum Capital Limited (acting as the Company's broker), it bought back 11,438 of its ordinary shares at an average price of €6.66 per ordinary share. These purchases were made pursuant to the authority granted at its Annual General Meeting on 20 June 2018. 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 (€)
01/10/2018 BATE 144 6.70 965
  XLON 1,432 6.64 9,502
  CHIX 320 6.70 2,144
  TRQX 423 6.70 2,834
  Total 2,319 6.66 15,445
         
02/10/2018 BATE 146 6.65 972
  XLON 3,035 6.64 20,157
  CHIX 323 6.64 2,145
  TRQX 415 6.66 2,764
  Total 3,919 6.64 26,038
         
03/10/2018 BATE 147 6.64 976
  XLON 150 6.64 996
  CHIX 45 6.64 299
  TRQX 426 6.64 2,829
  Total 768 6.64 5,100
         
04/10/2018 BATE 135 6.68 902
  XLON 3,138 6.67 20,928
  CHIX 326 6.68 2,178
  TRQX 409 6.68 2,732
  Total 4,008 6.67 26,740
         
05/10/2018 BATE - - -
  XLON - - -
  CHIX 244 6.62 1,615
  TRQX 180 6.62 1,192
    424 6.62 2,807


Following the above transactions:


  • The total number of ordinary shares of the Company in issue is 66,121,054


  • The total number of ordinary shares held by Eurocastle in treasury is 18,532,843 (equal to 28% of the Company’s share capital)


  • The total number of voting rights exercisable by holders of ordinary shares of the Company is 47,588,211, 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 between 1 October 2018 and 5 October 2018:



  Platform code Volume Price Gross Value (€)
01/10/2018 BATE 144 6.70   964.80
  CHIX 286 6.70   1,916.20
  CHIX 34 6.70   227.80
  TRQX 423 6.70   2,834.10
  XLON 498 6.66   3,316.68
  XLON 115 6.64   763.60
  XLON 399 6.64   2,649.36
  XLON 420 6.60   2,772.00
  Total 2,319 6.66 15,444.54
         
02/10/2018 TRQX 100 6.66   666.00
  XLON 875 6.66   5,827.50
  TRQX 125 6.66   832.50
  TRQX 22 6.66   146.52
  TRQX 21 6.66   139.86
  TRQX 147 6.66   979.02
  CHIX 169 6.66   1,125.54
  BATE 127 6.66   845.82
  XLON 500 6.66   3,330.00
  XLON 30 6.64   199.20
  XLON 62 6.64   411.68
  BATE 19 6.62   125.78
  CHIX 154 6.62   1,019.48
  XLON 417 6.64   2,768.88
  XLON 9 6.64   59.76
  XLON 704 6.62   4,660.48
  XLON 438 6.62   2,899.56
  Total 3,919 6.64 26,037.58
         
03/10/2018 CHIX 4 6.64   26.56
  BATE 7 6.64   46.48
  CHIX 41 6.64   272.24
  BATE 140 6.64   929.60
  TRQX 304 6.64   2,018.56
  XLON 85 6.64   564.40
  TRQX 68 6.64   451.52
  TRQX 54 6.64   358.56
  XLON 65 6.64   431.60
  Total 768 6.64 5,099.52
         
04/10/2018 XLON 7 6.68   46.76
  XLON 757 6.68   5,056.76
  XLON 743 6.68   4,963.24
  BATE 2 6.68   13.36
  CHIX 326 6.68   2,177.68
  BATE 133 6.68    888.44
  TRQX 409 6.68   2,732.12
  XLON 48 6.68   320.64
  XLON 442 6.66   2,943.72
  XLON 66 6.66   439.56
  XLON 260 6.66   1,731.60
  XLON 340 6.66   2,264.40
  XLON 72 6.66   479.52
  XLON 67 6.66   446.22
  XLON 236 6.66   1,571.76
  XLON 100 6.64   664.00
  Total 4,008 6.67 26,739.78
         
05/10/2018 CHIX 150 6.62 993.00
  TRQX 180 6.62 1,191.60
  CHIX 94 6.62 622.28
  Total 424 6.62 2,806.88