Updated: 11-09-2024 - 12:00PM 3 6 CLOSED
Sep 09, 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 |
August 28th, 2024 |
50,000 | JM$73.50 |
August 29th, 2024 |
50,000 | JM$73.95 |
September 2nd, 2024 |
2,000 | JM$73.90 |
September 2nd, 2024 |
48,000 | JM$73.99 |
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 number of shares repurchased as at September 2nd, 2024 is a total of 3,848,425
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 9th September, 2024