Community & Workers of Jamaica Co-Operative Credit Union Limited (CWJDEFERREDA) – Share Buy Back: August, 2022

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.
  •   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