Eurocastle Investment Limited (ENXTAM:ECT) announces a share repurchase program. Under the program, the company will repurchase up to 1,286,181 ordinary shares, representing 69.24% of its issued shares for €13.9 million. The shares will be repurchased at a price of €10.26 per share.

The offer will be funded from company's existing and available cash resources. The shares repurchased will be cancelled. The offer will be subject to approval of shareholders at a General Meeting to be held on July 20, 2022.

The offer will expire on August 4, 2022. As of July 6, 2022, the company had 1,857,535 shares issued and no shares in treasury.