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:
- The purpose for 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 December 13, 2023 is a total of 299,724 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
