Community & Workers of Jamaica Co-operative Credit Union Limited (CWJCCU) advises that 188,490 shares were purchased on the 5th day of May, 2023, 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 | Vol. of Shares Traded | Trade Date | Value of Shares Traded | |
| 1 | Community and Workers of JA Co-op Credit Union Ltd (Buy-Back) | 188,490 | May 5, 2023 | $335,512.20 |
| Total | 188,490 | $335,512.20 |
