GraceKennedy Limited (GK) has advised that the Company repurchased 1,146,274 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of
Shares |
Price |
| 8-Nov-24 |
506 |
JM$74.30 |
| 8-Nov-24 |
54,541 |
JM$74.30 |
| 8-Nov-24 |
4,953 |
JM$74.30 |
| 8-Nov-24 |
1,086,274 |
JM$74.00 |
| Total |
1,146,274 |
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 November 8, 2024 is a total of 6,405,795 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
