GraceKennedy Limited (GK) has advised that the Company repurchased 235,000 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of Shares | Price |
| 8-Oct-24 | 27,961 | JM$73.50 |
| 8-Oct-24 | 137 | JM$73.79 |
| 8-Oct-24 | 1,902 | JM$74.30 |
| 8-Oct-24 | 5,000 | JM$74.00 |
| 15-Oct-24 | 350 | TT$3.70 |
| 15-Oct-24 | 199,650 | TT$3.70 |
| Total | 235,000 |
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 October 15, 2024 is a total of 4,562,521 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
