JMMB Group Limited wishes to advise that the Company will be commencing its share buy back programme which was previously announced.
The Company intends to purchase up to 10 million shares on the open market from time to time utilizing its cash resources.
The rational for the buyback program is to unlock value for the Company’s shareholders by purchasing shares at a price below or equal to the Company’s intrinsic value.
This is consistent with the strategy previously disclosed in our Annual General Meeting. In accordance with Rule 413 of the Jamaica Stock Exchange regarding share repurchases notification will be made whenever the shares are repurchased
