Eppley Announces Notice of Redemption

Eppley Limited (EPLY) has advised that this Redemption Notice is in respect of the preference share issue “Eppley Limited Cumulative Redeemable Preference Shares 2019” (EPLYSTP) issued in pursuant to the provisions of the Companies Act, 2004 and the terms and conditions set out in Terms of Issue of the prospectus dated 9 December 2014.

The Board of Directors of EPLY gives notice that on Monday, 23 October 2017, at 4:00 pm at the close of business at the Jamaica Central Securities Depository Limited (JCSD), EPLY will exercise its option to redeem all its Eppley Limited Cumulative Redeemable Preference Shares 2019 on Wednesday, 31 January 2018, to be paid at the Agreed Rate (which is the higher of the market price as at close of business on the Jamaica Stock Exchange (JSE) on Monday, 23 October 2017, and the issue price plus 1% per the Terms of Issue), at the JCSD with its registered office at 40 Harbour Street, Kingston, Jamaica at a redemption price of J$6.06.

EPLY shall also provide for the payment of any arrears of dividend calculated at the Agreed Rate of up to a date fixed by EPLY and set out in this notice. This notice shall be sent by electronic copy to all Eppley Limited Cumulative Redeemable Preference Shares 2019 shareholders as at Monday, 23 October 2017. A copy shall also be posted on the website of the JSE, in addition to being posted in a daily newspaper in circulation on the Island, 21 days prior to the date of redemption.