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Financial News

Mar 2025 Financial News

JMMB Group Limited - Share Buy Back Programme

Mar 05, 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 28 and March 03, 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 28, 2025 24,424 22.41
March 03, 2025 13,576 22.23
Total 38,000  


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
Wednesday 5th March 2025