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Financial News

Dec 2023 Financial News

GraceKennedy Limited - Notice of Share Repurchase

Dec 28, 2023

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

December 11th 2023

19,450

JM$77.50

December 12th 2023

4,000

JM$76.00

December 13th 2023

118,640

JM$74.00

December 13th 2023

20,000

JM$76.00

December 13th 2023

14,668

TT$3.98

Total

176,75

 

 

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 December 13th, 2023 is a total of 299,724 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 broker


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday 28th December, 2023