GraceKennedy Limited (GK) has advised that the Company repurchased 232,000 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.

Date of Purchase No. of Shares Price
20-Aug-24  150,000 JM $74.10
21-Aug-24  50,000 JM $73.50
27-Aug-24                428 JM $73.50
27-Aug-24          28,075 JM $73.50
27-Aug-24            2,100 JM $73.50
27-Aug-24            1,397 JM $73.50
Total            232,000            

The Company further advises as follows:

  1. The purpose of the purchase – To enhance shareholder value
  2. The maximum intended repurchase – Up to 1% of the shares in issue (approximately 9,950,000 shares). The actual number of shares repurchased as at August 27, 2024 is a total of 3,698,425 shares
  3. The effective date of the purchase – Per table above
  4. The source of funding of the purchase – The Company’s cash flows
  5. The method of effecting the purchase – On the open market via our brokers