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Financial News

Mar 2024 Financial News

GraceKennedy Limited - Notice of Share Repurchase

Mar 28, 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

 March 20th, 2024

 81,753

 JM$73.50

 March 21st, 2024

 100,000

 JM$74.00

 Total

 181,753

 

 

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 March 21st, 2024 is a total of 1,207,491 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
Thursday 28th March, 2024