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Financial News

Feb 2024 Financial News

JMMB Group Limited - Share Buy Back Program

Feb 22, 2024

The Trinidad and Tobago Stock Exchange Limited (TTSE) received notice from JMMBGL advising that the following JMMBGL ordinary shares were purchased on February 20, 2024, under their share buyback programme. Below are the information as follows:

Effective date of purchase

Number of Ordinary Shares Purchased

Average Price JA$

February 22, 2024

2,078

27.48

February 22, 2024

22,922

27.50

 

 

 

Total

25,000

 


JMMBGL further advised as follows:

1. The purpose of the purchase was to bolster shareholder value over time.

2. The maximum intended repurchase is a total of JA$300,000,000.

3. The source of funding was cash on their balance sheet.

4. The shares were repurchased on the open market via their broker, JMMB Securities Limited.


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday 22nd February, 2024