GraceKennedy Limited (GK) has advised that the Company repurchased 73,000 GraceKennedy shares under the GraceKennedy 2023 Share Repurchase Programme as outlined below.
| Date of Purchase | No. of Shares | Price |
| 2-May-24 | 2,525 | JM$73.97 |
| 2-May-24 | 27,475 | JM$73.92 |
| 6-May-24 | 42,090 | JM$73.98 |
| 6-May-24 | 910 | JM$74.00 |
| Total | 73,000 |
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 May 6, 2024 is a total of 2,030,722 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
