GraceKennedy Limited - Notice of Share Repurchase

Apr 17, 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
April 5th, 2024	50,000	JM$74.00
April 5th, 2024	37,712	TT$4.07
April 8th, 2024	37,000	TT$4.07
April 9th, 2024	1,109	TT$4.07
Total	125,821

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 April 9th, 2024 is a total of 1,577,491 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
Wednesday 17th April, 2024

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GraceKennedy Limited - Notice of Share Repurchase

Date of purchase

Number of Ordinary Shares Purchased

Price

April 5th, 2024

50,000

JM$74.00

April 5th, 2024

37,712

TT$4.07

April 8th, 2024

37,000

TT$4.07

April 9th, 2024

1,109

TT$4.07

Total

125,821