GraceKennedy Limited (GK) has advised that the Company repurchased 181,753 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.

Date of Purchase No. of Shares Price
20-Mar-24            9,680   JM$73.50
20-Mar-24          15,450   JM$73.50
20-Mar-24          15,450   JM$73.50
20-Mar-24            9,420   JM$73.50
20-Mar-24            6,003   JM$73.50
20-Mar-24          15,450   JM$73.50
20-Mar-24          10,300   JM$73.50
21-Mar-24        100,000   JM$74.00
Total        181,753  

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 March 21, 2024  is a total of 1,207,491 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