GraceKennedy Limited (GK) has advised that the Company repurchased 138,859 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of Shares | Price |
| 18-Jul-24 | 32,343 | JM$72.50 |
| 18-Jul-24 | 17,657 | JM$72.50 |
| 18-Jul-24 | 28,859 | JM$72.30 |
| 31-Jul-24 | 20,000 | JM$74.20 |
| 31-Jul-24 | 30,000 | JM$74.20 |
| 31-Jul-24 | 9,594 | JM$74.00 |
| 31-Jul-24 | 406 | JM$74.22 |
| Total | 138,859 |
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 31, 2024 is a total of 3,466,425 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
