GraceKennedy – Share Buy Back: March 26 – April 3, 2024
April 08, 2024 at 06:54 pm EDT
Share
April 8, 2024
5:46 pm
GraceKennedy Limited (GK) has advised that the Company repurchased 244,179 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
Date of Purchase
No. of Shares
Price
26-Mar-24
10,000
TT$4.07
27-Mar-24
30,000
TT$4.07
27-Mar-24
7,879
TT$4.07
27-Mar-24
120,000
JM$74.00
2-Apr-24
68,100
TT$4.07
3-Apr-24
8,200
TT$4.07
Total
244,179
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 April 3, 2024 is a total of 1,451,670 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
08 April 2024 and is solely responsible for the information contained therein. Distributed by
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08 April 2024 22:53:07 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.