GraceKennedy Limited (GK) has advised that the Company repurchased 90,000 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of Shares | Price |
| 28-May-24 | 3,625 | JM$73.00 |
| 28-May-24 | 4,255 | JM$73.30 |
| 28-May-24 | 42,120 | JM$73.30 |
| 5-Jun-24 | 20,000 | JM$75.00 |
| 5-Jun-24 | 119 | JM$75.00 |
| 5-Jun-24 | 19,881 | JM$75.00 |
| Total | 90,000 |
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 June 5, 2024 is a total of 2,190,722 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
