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

Community & Workers of Jamaica Co-operative Credit Union Limited (CWJCCU) advises that 9,299 shares were purchased on November 17th and 18th, 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)

3,291

November 17, 2022

$5,857.98

2

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

8

November 17, 2022

$14.24

3

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

6,000

November 18, 2022

$10,680.00

 

Total

9,299

 

$16,552.22