Sep 2023 Financial News

JMMB Group Limited - Notice of Material Information - Share Buy Back Programme

Sep 08, 2023

The Trinidad and Tobago Stock Exchange Limited (TTSE) received notice from JMMBGL advising that the Company will be commencing its share buyback programme, which was previously announced on December 02nd, 2021.

JMMBGL intends to purchase up to 10 million shares on the open market from time to time utilizing its cash resources. The rational for the buyback programme is to unlock value for the Company’s shareholders by purchasing shares at a price below or equal to the Company’s intrinsic value. 

Source:

The Trinidad and Tobago Stock Exchange Limited
Friday 8th September, 2023