Updated: 22-11-2024 - 12:00PM 6 6 CLOSED
May 03, 2024
NOTICE OF SHARE REPURCHASE
GRACEKENNEDY LIMITED (GKC)
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 18th, 2024 |
101,500 |
JM$73.94 |
April 18th, 2024 |
48,500 |
JM$73.95 |
April 19th, 2024 |
85,121 |
JM$73.75 |
April 22nd, 2024 |
35,010 |
JM$73.00 |
April 29th, 2024 |
60,000 |
JM$73.00 |
April 30th, 2024 |
10,000 |
JM$73.94 |
April 30th, 2024 |
39,761 |
JM$72.90 |
April 30th, 2024 |
339 |
JM$73.00 |
Total |
380,231 |
|
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 30th, 2024 is a total of 1,957,722 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
Friday 3rd May, 2024