Contact:

International Administration Group (Guernsey) Limited

Company Administrator
Attn:  Mark Woodall

Tel:  +44 1481 723450                                                              


Share Buyback Programme: Transactions in week ending 3 May 2019

­­­­­­Guernsey, 6 May 2019 – Eurocastle Investment Limited (“Eurocastle” or the “Company”) today announces that between 29 April 2019 and 3 May 2019, under its non-discretionary share buyback programme with Liberum Capital Limited (acting as the Company's broker) announced on 7 March 2019 (the “Third Buyback Programme”), it bought back 7,799 of its ordinary shares at an average price of €7.36 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 (€)
29/04/2019 BATE 97 7.18 696
  XLON 1,441 7.21 10,388
  CHIX 181 7.27 1,316
  TRQX 68 7.30 496
  Total 1,787 7.22 12,897
         
30/04/2019 BATE 0 - -
  XLON 1,806 7.40 13,357
  CHIX 331 7.41 2,454
  TRQX 63 7.46 470
  Total 2,200 7.40 16,281
         
02/05/2019 BATE 0 - -
  XLON 1,233 7.39 9,107
  CHIX 0 - -
  TRQX 0 - -
  Total 1,233 7.39 9,107
         
03/05/2019 BATE 95 7.36 699
  XLON 2,171 7.41 16,080
  CHIX 255 7.37 1,880
  TRQX 58 7.36 427
  Total 2,579 7.40 19,087







Following the above transactions:


  • The total number of ordinary shares of the Company in issue is 63,813,362


  • The total number of ordinary shares held by Eurocastle in treasury is 18,799,522 (equal to 29.5% of the Company’s share capital)


  • The total number of voting rights exercisable by holders of ordinary shares of the Company is 45,013,840, 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 29 April 2019 and 3 May 2019:



  Platform code Volume Price Gross Value (€)
29/04/2019 CHIX 100 7.30 730.00
  CHIX 44 7.30 321.20
  TRQX 68 7.30 496.40
  XLON 200 7.30 1,460.00
  XLON 50 7.30 365.00
  XLON 90 7.30 657.00
  XLON 218 7.28 1,587.04
  XLON 39 7.26 283.14
  XLON 236 7.18 1,694.48
  BATE 97 7.18 696.46
  CHIX 37 7.16 264.92
  XLON 94 7.14 671.16
  XLON 91 7.14 649.74
  XLON 212 7.14 1,513.68
  XLON 211 7.14 1,506.54
  Total 1,787 7.22 12,896.76
         
30/04/2019 TRQX 63 7.46 469.98
  CHIX 96 7.44 714.24
  XLON 261 7.44 1,941.84
  CHIX 55 7.42 408.10
  XLON 219 7.40 1,620.60
  XLON 204 7.40 1,509.60
  CHIX 180 7.40 1,332.00
  XLON 97 7.40 717.80
  XLON 100 7.40 740.00
  XLON 25 7.40 185.00
  XLON 146 7.38 1,077.48
  XLON 68 7.38 501.84
  XLON 249 7.38 1,837.62
  XLON 202 7.38 1,490.76
  XLON 28 7.38 206.64
  XLON 207 7.38 1,527.66
  Total 2,200 7.40 16,281.16
         
02/05/2019 XLON 215 7.32 1,573.80
  XLON 222 7.40 1,642.80
  XLON 196 7.40 1,450.40
  XLON 85 7.40 629.00
  XLON 210 7.40 1,554.00
  XLON 99 7.40 732.60
  XLON 206 7.40 1,524.40
  Total 1,233 7.39 9,107.00
         
03/05/2019 XLON 188 7.40 1,391.20
  CHIX 58 7.42 430.36
  XLON 200 7.42 1,484.00
  XLON 12 7.42 89.04
  XLON 8 7.42 59.36
  XLON 200 7.38 1,476.00
  XLON 51 7.38 376.38
  TRQX 58 7.36 426.88
  BATE 95 7.36 699.20
  CHIX 47 7.36 345.92
  CHIX 150 7.36 1,104.00
  XLON 195 7.32 1,427.40
  XLON 184 7.42 1,365.28
  XLON 12 7.42 89.04
  XLON 206 7.42 1,528.52
  XLON 216 7.42 1,602.72
  XLON 198 7.42 1,469.16
  XLON 270 7.42 2,003.40
  XLON 231 7.44 1,718.64
  Total 2,579 7.40 19,086.50