EPE Special Opportunities Suspends Share Buyback Program

LONDON (Alliance News) - EPE Special Opportunities PLC said Tuesday it no longer intends to undertake any share buybacks in the company.

Since January, the company has not repurchased any shares.

The private equity investment company also said that it was disappointed with the trading update issued by investee Luceco PLC. It, however, was encouraged by the level of clarity given by the LED lighting products manufacturer.

Luceco, in a separate announcement, cut its 2017 profit guidance due to difficult consumer environment and a weak US dollar.

EPE Special Opportunities expects net asset value for fiscal 2017 to total 239 pence per share, which includes a Luceco share price of 77.80p.

Shares in EPE Special Opportunities were down 6.5% at 159.00 pence on Tuesday.

Luceco Plc

Epe Special Opp