Securing Your Future Is Our Main Investment

Updated: 09-10-2024 - 12:00PM   4 4 CLOSED

Financial News

Sep 2024 Financial News

GraceKennedy Limited - Notice of Share Repurchase

Sep 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           
September 4th, 2024 185 JM$73.46
September 4th, 2024 1,136 JM$73.50
September 4th, 2024 1,505 JM$73.97
September 4th, 2024 52,174 JM$73.99
September 4th, 2024 1,855 JM$73.90
September 4th, 2024 43,145 JM$74.00
September 5th, 2024 35,520 JM$73.51
September 9th, 2024 1,453 JM$73.60
September 9th, 2024 3,000 JM$74.00
September 9th, 2024 3,275 JM$74.45
Total  143,248  

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 9th, 2024 is a total of 3,991,673 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
Tuesday 17th September, 2024