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Financial News

Feb 2025 Financial News

JMMB Group Limited - Share Buy Back Program

Feb 21, 2025

NOTICE OF MATERIAL INFORMATION
JMMB GROUP LIMITED (JMMBGL)


The Trinidad and Tobago Stock Exchange Limited (TTSE) received notice from JMMBGL advising that the following JMMBGL ordinary shares were purchased on February 19, 2025, under their share buyback programme. Below is the information as follows.
 

Effective date of purchase Number of Ordinary Shares Purchased Average Price JA$
February 19, 2025 48,412 21.41
Total 48,412  


JMMBGL further advised as follows:
1. The purpose of the purchase was to bolster shareholder value over time.
2. The maximum intended repurchase is a total of JA$300,000,000.
3. The source of funding was cash on their balance sheet.
4. The shares were repurchased on the open market via their broker, JMMB Securities Limited.

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Friday 21st February 2025