GraceKennedy Limited (GK) has advised that the Company repurchased 95,000 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of
Shares |
Price |
| 28-Oct-24 |
27,851 |
JM$73.79 |
| 28-Oct-24 |
32,880 |
JM$73.79 |
| 28-Oct-24 |
4,269 |
JM$73.80 |
| 5-Nov-24 |
27,411 |
JM$74.25 |
| 5-Nov-24 |
211 |
JM$74.25 |
| 5-Nov-24 |
2,378 |
JM$74.25 |
| Total |
95,000 |
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 November 5, 2024 is a total of 5,259,521 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
