GraceKennedy Limited (GK) has advised that the Company repurchased 181,753 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
Date of Purchase
No. of Shares
Price
20-Mar-24
9,680
JM$73.50
20-Mar-24
15,450
JM$73.50
20-Mar-24
15,450
JM$73.50
20-Mar-24
9,420
JM$73.50
20-Mar-24
6,003
JM$73.50
20-Mar-24
15,450
JM$73.50
20-Mar-24
10,300
JM$73.50
21-Mar-24
100,000
JM$74.00
Total
181,753
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 March 21, 2024 is a total of 1,207,491 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
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GraceKennedy Ltd. published this content on
28 March 2024 and is solely responsible for the information contained therein. Distributed by
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28 March 2024 19:22:39 UTC.
GraceKennedy Limited is engaged in food trading and financial services industries. The Company operates through two divisions: GK Foods and GK Financial Group. The GK Foods division includes all the food-related companies while the GK Financial Group division includes all the financial services companies. Its segments include Food Trading, Banking and Investments, Insurance and Money Services. Its Food Trading segment is engaged in merchandising of general goods and food products both locally and internationally, processing and distribution of food products, and the operation of a chain of supermarkets. Its Banking and Investments segment includes commercial banking; stock brokerage; corporate finance; advisory services, and lease financing. Its Insurance segment offers general insurance, health insurance, creditor life insurance and insurance brokerage. Its Money Services segment is engaged in the operation of money transfer services, cambio operations and bill payment services.