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Financial News

Nov 2024 Financial News

GraceKennedy Limited - Notice of Share Repurchase

Nov 18, 2024

NOTICE OF SHARE REPURCHASE
GRACEKENNEDY LIMITED (GKC)


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

November 08th, 2024

 60,000

 JM$74.30

November 8th, 2024

 1,086,274

 JM$74.00

 Total

 1,146,274

 

 

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 November 08th, 2024 is a total of 6,405,795 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 18th November, 2024