GraceKennedy Limited (GK) has advised that the Company repurchased 288,755 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of
Shares |
Price |
| 20-Sep-24 | 23,850 | JM$73.90 |
| 20-Sep-24 | 23,850 | JM$73.90 |
| 20-Sep-24 | 2,300 | JM$73.90 |
| 23-Sep-24 | 4,515 | JM$73.89 |
| 23-Sep-24 | 20,485 | JM$73.90 |
| 23-Sep-24 | 501 | JM$73.90 |
| 23-Sep-24 | 33,254 | JM$74.00 |
| 25-Sep-24 | 15,700 | JM$74.25 |
| 25-Sep-24 | 15,700 | JM$74.25 |
| 25-Sep-24 | 15,700 | JM$74.25 |
| 25-Sep-24 | 15,700 | JM$74.25 |
| 25-Sep-24 | 15,700 | JM$74.25 |
| 25-Sep-24 | 15,700 | JM$74.25 |
| 25-Sep-24 | 5,800 | JM$74.25 |
| 25-Sep-24 | 80,000 | JM$74.00 |
| Total | 288,755 |
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 September 25, 2024 is a total of 4,327,521 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
