GraceKennedy Limited (GK) has advised that the Company repurchased 181,753 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of Shares | Price |
| 20-Mar-24 | 9,680 | JM$73.50 |
| 20-Mar-24 | 15,450 | JM$73.50 |
| 20-Mar-24 | 15,450 | JM$73.50 |
| 20-Mar-24 | 9,420 | JM$73.50 |
| 20-Mar-24 | 6,003 | JM$73.50 |
| 20-Mar-24 | 15,450 | JM$73.50 |
| 20-Mar-24 | 10,300 | JM$73.50 |
| 21-Mar-24 | 100,000 | JM$74.00 |
| Total | 181,753 |
The Company further advises as follows:
- The purpose of the purchase – To enhance shareholder value
- The maximum intended repurchase – Up to 1% of the shares in issue (approximately 9,950,000 shares). The actual number of shares repurchased as at March 21, 2024 is a total of 1,207,491 shares
- The effective date of the purchase – Per table above
- The source of funding of the purchase – The Company’s cash flows
- The method of effecting the purchase – On the open market via our brokers
