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Financial News

Oct 2024 Financial News

GraceKennedy Limited - Notice of Share Repurchase

Oct 29, 2024

The Trinidad and Tobago Stock Exchange Limited (TTSE) received notice from GKC advising that they repurchased the shares outlined below under their share repurchase programme. 

Date of purchase

Number of Ordinary Shares Purchased

Price

October 16th, 2024

537

JM$73.99

October 16th, 2024

40,000

JM$74.30

October 16th, 2024

488

JM$74.39

October 16th, 2024

8,975

JM$74.40

October 17th, 2024

500,000

JM$73.80

October 18th, 2024

678

JM$74.00

October 18th, 2024

29,322

JM$74.20

October 23rd, 2024

783

JM$74.34

October 23rd, 2024

21,217

JM$74.35

Total

602,000

 

GKC further advised as follows:

1. The purpose for the purchase is to enhance shareholder value.
2. The maximum intended repurchase is up to 1% of the shares in issue (approximately 9,950,000 shares). The actual number of shares repurchased as at October 23rd, 2024 is a total of 5,164,521 shares.
3. The effective date of the purchase – per table above.
4. The source of funding of the purchase is GKC’s cash flows.
5. The method of effecting the purchase is on the open market via GKC’s brokers


Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday, 29th October, 2024