GraceKennedy Limited (GK) has advised that the Company repurchased 138,859 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.

Date of Purchase No. of Shares Price
18-Jul-24          32,343 JM$72.50
18-Jul-24          17,657 JM$72.50
18-Jul-24          28,859 JM$72.30
31-Jul-24      20,000 JM$74.20
31-Jul-24            30,000 JM$74.20
31-Jul-24                9,594 JM$74.00
31-Jul-24                 406 JM$74.22
Total            138,859           

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 July 31, 2024 is a total of 3,466,425 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