GraceKennedy Limited (GK) has advised that the Company repurchased 125,821 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of Shares | Price |
| 5-Apr-24 | 50,000 | JM$74.00 |
| 5-Apr-24 | 8,712 | TT$4.07 |
| 5-Apr-24 | 29,000 | TT$4.07 |
| 8-Apr-24 | 18,000 | TT$4.07 |
| 8-Apr-24 | 10,000 | TT$4.07 |
| 8-Apr-24 | 9,000 | TT$4.07 |
| 9-Apr-24 | 1,109 | TT$4.07 |
| Total | 125,821 |
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 April 9, 2024 is a total of 1,577,491 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
