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Financial News

Sep 2024 Financial News

GraceKennedy Limited - Notice of Share Repurchase

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