GraceKennedy Limited (GK) has advised that the Company repurchased 176,758 GraceKennedy shares under the ‘GraceKennedy Share Repurchase Programme’ as outlined below.

Date of Purchase No. of Shares Price
11-Dec-23 19,450 JM$77.50
12-Dec-23 4,000 JM$76.00
13-Dec-23 118,640 JM$74.00
13-Dec-23 20,000 JM$76.00
13-Dec-23 14,668 TT$3.98
Total 176,758

The Company further advises as follows:

  1. The purpose for 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 December 13, 2023 is a total of 299,724 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