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Financial News

May 2024 Financial News

GraceKennedy Limited - Notice of Share Repurchase

May 29, 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

May 16th, 2024

25,000

JM$76.00

May 21st 2024

45,000

JM$74.00

Total

70,000

 

 

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 21st, 2024 is a total of 2,100,722 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 29th May, 2024