GraceKennedy Limited (GK) has advised that the Company repurchased 230,000 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.

Date of Purchase No. of Shares Price
27-Dec-23                     811 JM$79.99
27-Dec-23                  2,926 JM$80.00
27-Dec-23                  1,000 JM$79.00
27-Dec-23                  5,646 JM$80.00
27-Dec-23                  1,100 JM$79.00
27-Dec-23                     795 JM$79.99
27-Dec-23                     500 JM$77.50
27-Dec-23                15,912 JM$78.00
27-Dec-23               50,000 JM$78.00
27-Dec-23               50,000 JM$78.00
27-Dec-23               50,000 JM$78.00
27-Dec-23               50,000 JM$78.00
27-Dec-23                     314 JM$79.00
27-Dec-23                     996 JM$79.95
Total             230,000  

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 December 27, 2023  is a total of 789,724 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