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Financial News

Dec 2023 Financial News

GraceKennedy Limited - Notice of Share Repurchase

Dec 06, 2023

NOTICE OF SHARE REPURCHASE

GRACEKENNEDY LIMITED (GKC)


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 (JMD)
November 20th, 2023 7,000 $74.00
November 21st, 2023 15,000 $74.00
Total 22,000  


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 repurchased as at November 21st, 2023 is a total of 22,000 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
Wednesday 6th December, 2023