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Share Buyback Programme: Week ending 11 October 2019

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EUROCASTLE INVESTMENT LIMITED

                                                                                                            FOR IMMEDIATE RELEASE
Contact:
International Administration Group (Guernsey) Limited
Company Administrator
Attn:  Mark Woodall
Tel:  +44 1481 723450                                                              

Share Buyback Programme: Transactions in week ending 11 October 2019



Guernsey, 14 October 2019 – Eurocastle Investment Limited (“Eurocastle” or the “Company”) today announces that between 7 October 2019 and 11 October 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 11,584 of its ordinary shares at an average price of €7.32 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 (€)
07/10/2019 BATE 279 7.30 2,037
  XLON 1,856 7.29 13,526
  CHIX 155 7.30 1,132
  TRQX 91 7.30 664
  Total 2,381 7.29 17,358
08/10/2019 BATE 283 7.30 2,066
  XLON 2,060 7.32 15,072
  CHIX 158 7.30 1,153
  TRQX 92 7.30 672
  Total 2,593 7.31 18,963
09/10/2019 BATE 283 7.34 2,077
  XLON 2,019 7.35 14,833
  CHIX 158 7.34 1,160
  TRQX 88 7.34 646
  Total 2,548 7.35 18,716
10/10/2019 BATE 278 7.32 2,035
  XLON 2,084 7.32 15,253
  CHIX 254 7.32 1,859
  TRQX 91 7.32 666
  Total 2,707 7.32 19,814
11/10/2019 BATE 236 7.34 1,732
  XLON 745 7.28 5,427
  CHIX 257 7.34 1,886
  TRQX 117 7.34 859
  Total 1,355 7.31 9,905

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 18,912,284 (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 36,467,154 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 7 October 2019 and 11 October 2019:

  Platform code Volume Price Gross Value (€)
07/10/2019 XLON   575 7.26   4,174.50
  XLON   3 7.30   21.90
  XLON   278 7.30   2,029.40
  BATE   279 7.30   2,036.70
  CHIX   155 7.30   1,131.50
  TRQX    91 7.30   664.30
  XLON   229 7.30   1,671.70
  XLON   771 7.30   5,628.30
    2,381 7.29 17,358.30
08/10/2019 XLON   100 7.30   730.00
  BATE   283 7.30   2,065.90
  CHIX    158 7.30   1,153.40
  TRQX   92 7.30   671.60
  XLON   250 7.30   1,825.00
  XLON   1,000 7.32   7,320.00
  XLON   570 7.32   4,172.40
  XLON   140 7.32   1,024.80
    2,593 7.31 18,963.10
09/10/2019 XLON   229 7.36   1,685.44
  XLON   226 7.36   1,663.36
  XLON   238 7.36   1,751.68
  BATE   123 7.34   902.82
  BATE   160 7.34   1,174.40
  CHIX   158 7.34   1,159.72
  TRQX   88 7.34   645.92
  XLON   519 7.34   3,809.46
  XLON   180 7.34   1,321.20
  XLON   320 7.34   2,348.80
  XLON   186 7.34   1,365.24
  XLON   121 7.34   888.14
    2,548 7.35 18,716.18
10/10/2019 XLON 594 7.32 4,348.08
  XLON 286 7.32 2,093.52
  XLON 285 7.30 2,080.50
  BATE 278 7.32 2,034.96
  CHIX 254 7.32 1,859.28
  XLON 234 7.34 1,717.56
  XLON 229 7.34 1,680.86
  XLON 204 7.32 1,493.28
  XLON 120 7.30 876.00
  TRQX 91 7.32 666.12
  XLON 85 7.30 620.50
  XLON 47 7.30 343.10
    2,707 7.32 19,813.76
11/10/2019 XLON   293 7.28   2,133.04
  XLON   271 7.28   1,972.88
  BATE   236 7.34   1,732.24
  XLON   161 7.30   1,175.30
  CHIX   141 7.34   1,034.94
  TRQX   117 7.34   858.78
  CHIX   116 7.34   851.44
  XLON   19 7.30   138.70
  XLON   1 7.30   7.30
    1,355 7.31 9,904.62

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