GraceKennedy Limited - Notice of Share Repurchase

Oct 29, 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
October 16th, 2024	537	JM$73.99
October 16th, 2024	40,000	JM$74.30
October 16th, 2024	488	JM$74.39
October 16th, 2024	8,975	JM$74.40
October 17th, 2024	500,000	JM$73.80
October 18th, 2024	678	JM$74.00
October 18th, 2024	29,322	JM$74.20
October 23rd, 2024	783	JM$74.34
October 23rd, 2024	21,217	JM$74.35
Total	602,000

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 October 23rd, 2024 is a total of 5,164,521 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, 29th October, 2024

Securing Your Future Is Our Main Investment

Financial News

GraceKennedy Limited - Notice of Share Repurchase