Community & Workers of Jamaica Co-operative Credit Union Limited (CWJCCU) advises that 3,314 shares were purchased on August 12th and 29th, 2022, under the Company’s Share Buy Back Programme.
CWJCCU further advises as follows:
- The purpose of the purchase was to unlock shareholder value by purchasing at a price that is at a significant discount to our book value per share consistent with the strategy previously disclosed.
- The Share Buy-Back programme continues up to 10% of the Company’s 7.35% deferred shares in issue as stated in its Notice dated November 12, 2021.
- The source of funding was cash on our balance sheet.
- The shares were repurchased on the open market via our broker.
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Name Volume of Shares Traded Trade Date Value of Shares Traded 1 Community and Workers of JA Co-op Credit Union Ltd (Buy-Back)
3,296
August 12, 2022
2 Community and Workers of JA Co-op Credit Union Ltd (Buy-Back)
18 August 29, 2022
Total 3,314
