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Financial News

Jun 2024 Financial News

GraceKennedy Limited - Notice of Share Repurchase

Jun 24, 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

June 14 th, 2024

146,272

JM$74.00

June 14 th, 2024

23

JM$76.49

June 14 th, 2024

3,705

JM$76.50

Total

150,000

 

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 14 th, 2024 is a total of 2,592,722 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 24th June, 2024