Dec 2023 Financial News

GraceKennedy Limited- Notice of Commencement of Stock Buy Back Program

Dec 14, 2023

This Notice is pursuant to section 64()(b) of the Securities Act, 2012 of Trinidad and Tobago.

GraceKennedy Limited advises that having received regulatory approval, it has commenced its share buy-back programme which was announced on March 1 this year. Under the buy-back programme, GraceKennedy intends to repurchase up to 1% (approximately) 9,950,000) of the Company's shares, over a period up to one year. The price of the acquisition of the shares will be the market price at the time of the repurchase.

The repurchase of shares will be conducted on the open maket through GK's stockbrokers in Jamaica and Trinidad & Tobago, using the Company's cash flows.


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday 14th December, 2023