GraceKennedy Limited (GK) has advised that the Company repurchased 236,014 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of Shares | Price |
| 1-Mar-24 | 377 | TT$ 3.98 |
| 1-Mar-24 | 184,955 | TT$ 3.98 |
| 1-Mar-24 | 50,682 | JM$75.00 |
| Total | 236,014 |
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 1, 2024 is a total of 1,025,738 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
