TIDMESO TIDMEO.P TIDMEC.P TIDMEL.P

RNS Number : 9968P

EPE Special Opportunities Limited

16 October 2019

EPE Special Opportunities Limited

Update on Share Buy Backs

EPE Special Opportunities Limited ("ESO" or the "Company") confirms its continued intention to purchase ordinary shares of the Company ("Ordinary Shares") ("Share Buy Backs"), subject to availability on attractive terms. This confirmation follows the announcement made by the Company on 10 June 2019, indicating the commencement of Share Buy Backs.

Any Share Buy Backs will be in line with the Company's stated policy to pursue Share Buy Backs and will be made in accordance with the terms set out in the notice made at the Company's annual general meeting held on 30 July 2019.

The proposed Share Buy Backs will be funded by the Company's cash reserves. Any Ordinary Shares purchased by the Company will be held by in treasury.

Any Share Buy Backs are likely to exceed 25 per cent of the average daily volume in the Ordinary Shares.

The Company may when appropriate, undertake Share Buy Backs at a price that exceeds the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out (being the price stipulated by Article 3(2) of the Commission Delegated Regulation (EU) 2016/1052 (Commission Delegated Regulation), as referred to in Article 5(6) of the Market Abuse Regulation (MAR)).

The proposed Share Buy Backs will be effected on behalf of the Company by its broker, Numis Securities Limited.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

The person responsible for releasing this information on behalf of the Company is Hilary Jones of R&H Fund Services (Jersey) Limited.

Enquiries:

 
EPIC Private Equity LLP              +44 (0) 207 269 8865 
                                      Alex Leslie 
 
R&H Fund Services (Jersey) Limited   +44 (0) 1534 825 323 
                                      Hilary Jones 
 
Cardew Group Limited                 +44 (0) 207 930 0777 
                                      Richard Spiegelberg 
 
Numis Securities Limited             +44 (0) 207 260 1000 
Nominated Advisor:                   Stuart Skinner / Hugh Jonathan 
Corporate Broker:                    Charles Farquhar

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 16, 2019 02:00 ET (06:00 GMT)

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