GraceKennedy Limited (GK) has advised that the Company repurchased 150,000 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of Shares | Price |
| 28-Aug-24 | 4,961 | JM$73.50 |
| 28-Aug-24 | 3,673 | JM$73.50 |
| 28-Aug-24 | 280 | JM$73.50 |
| 28-Aug-24 | 41,086 | JM$73.50 |
| 29-Aug-24 | 2,100 | JM$73.95 |
| 29-Aug-24 | 45,000 | JM$73.95 |
| 29-Aug-24 | 2,900 | JM$73.95 |
| 2-Sep-24 | 1,000 | JM$73.90 |
| 2-Sep-24 | 1,000 | JM$73.90 |
| 2-Sep-24 | 14,687 | JM$73.99 |
| 2-Sep-24 | 18,500 | JM$73.99 |
| 2-Sep-24 | 14,813 | JM$73.99 |
| Total | 150,000 |
The Company further advises as follows:
- The purpose of the purchase – To enhance shareholder value
- 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 September 2, 2024 is a total of 3,848,425 shares
- The effective date of the purchase – Per table above
- The source of funding of the purchase – The Company’s cash flows
- The method of effecting the purchase – On the open market via our brokers
