Search
Close this search box.

First Rock Real Estate Investments Limited (FIRSTROCK) – Share Buy Back

First Rock Real Estate Investments Limited (FIRSTROCK) advises that a total of 100,000 FIRSTROCKUSD shares were purchased between October 19, 2022 to October 21, 2022, and 50,000 FIRSTROCKJMD shares were purchased between October 19, 2022 to October 21, 2022 under the Company’s share buy-back program.  

FIRSTROCK further advises as follows:

  • The price per share for FIRSTROCKUSD was between US$0.0796 and US$0.0800.
  • The price per share for FIRSTROCKJMD was between J$14.06 and J$15.05.
  • The purpose for the purchase is to unlock shareholder value over time.
  • The source of funding was cash on the Company’s balance sheet.
  • The shares were repurchased on the open market via our broker, Sagicor Investments.
  • The maximum number of shares intended to be purchased during the share buy-back programme are 3,825,300 FIRSTROCKJMD shares and 24,777,232 FIRSTROCKUSD shares, being 10% of the company’s shares in issue.