First Rock Real Estate Investments Limited (FIRSTROCK) advises that a total of 250,000 FIRSTROCKUSD and 80,000 FIRSTROCKJMD shares were purchased on September 23, 2022 under the Company’s share buy-back program.
FIRSTROCK further advises as follows:
- The price per share for FIRSTROCKUSD was US$0.05.
- The price per share for FIRSTROCKJMD was between J$12.25 – J$13.50.
- 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.
