GraceKennedy Limited (GK) has advised that the Company repurchased 200,000 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.

Date of Purchase No. of Shares Price
26-Mar-24       146,398  JM$74.00
26-Mar-24            3,602  JM$74.00
16-Apr-24          16,023  JM$73.97
16-Apr-24          12,388  JM$73.97
16-Apr-24          21,589  JM$73.80
Total             200,000           

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 July 8, 2024 is a total of 2,792,722 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