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Financial News

Jun 2024 Financial News

GraceKennedy Limited - Notice of Share Repurchase

Jun 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

May 30th, 2024

40,000

JM$73.50

June 7th, 2024

32,000

JM$74.98

June 12th, 2024

223

JM$76.45

June 12th, 2024

9,963

JM$76.46

June 12th, 2024

2,235

JM$76.47

June 12th, 2024

67,579

JM$76.50

June 13th, 2024

100,000

JM$76.50

Total

252,000

 

 

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 13th, 2024 is a total of 2,442,722 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 17th June, 2024