Updated: 30-10-2024 - 12:00PM 3 3 CLOSED
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