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Financial News

May 2024 Financial News

GraceKennedy Limited - Notice of Share Repurchase

May 15, 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

May 2nd, 2024

2,525

JM$73.97

May 2nd, 2024

27,475

JM$73.92

May 6th, 2024

42,090

JM$73.98

May 6th, 2024

910

JM$74.00

Total

73,000

 

 

 

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 May 6th, 2024 is a total of 2,030,722 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
Wednesday 15th May, 2024