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Financial News

Jun 2024 Financial News

GraceKennedy Limited - Notice of Share Repurchase

Jun 10, 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 28th, 2024

3,625

JM$73.00

May 28th, 2024

46,375

JM$73.30

June 5th, 2024

40,000

JM$75.00

Total

90,000

 


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 June 5th, 2024 is a total of 2,190,722 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
Monday 10th June, 2024