GraceKennedy Limited (GK) has advised that the Company repurchased 70,000 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of Shares | Price |
| 16-May-24 | 25,000 | JM$76.00 |
| 21-May-24 | 42,788 | JM$74.00 |
| 21-May-24 | 2,212 | JM$74.00 |
| Total | 70,000 |
The Company further advises as follows:
- The purpose of 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 May 21, 2024 is a total of 2,100,722 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
