GraceKennedy Limited (GK) has advised that the Company repurchased 200,000 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of Shares | Price |
| 26-Mar-24 | 146,398 | JM$74.00 |
| 26-Mar-24 | 3,602 | JM$74.00 |
| 16-Apr-24 | 16,023 | JM$73.97 |
| 16-Apr-24 | 12,388 | JM$73.97 |
| 16-Apr-24 | 21,589 | JM$73.80 |
| Total | 200,000 |
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 July 8, 2024 is a total of 2,792,722 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
