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

Community & Workers of Jamaica Co-operative Credit Union Limited (CWJCCU) advises that 18,802 shares were purchased on September 12th and 13th, 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

Vol. of Shares Traded

Trade Date

Value of Shares Traded

1

Community and Workers of JA Co-op Credit Union Ltd (Buy-Back)

18,800

September 12, 2022

$33,464.00

2

Community and Workers of JA Co-op Credit Union Ltd (Buy-Back)

2

September 13, 2022

$3.56

 

Total

18,802

 

$33,467.56