Sygnus Credit Investments Limited (SCI) has advised that 2,894,000 JMD Ordinary shares were purchased between June 13, 2024, and June 19, 2024, as part of the Company’s Share Buy-Back Programme. The breakdown of the amounts purchased is as follows:
![](https://jamstockex.s3.amazonaws.com/wp-content/uploads/2024/06/Share-Buyback-791x1024.jpg)
The Company further advises as follows:
- The purpose of the purchase – To enhance shareholder value
- The maximum intended repurchase – The approved share buyback is up to US$9 million of SCI’s JMD and USD ordinary shares
- Total Shares Purchased: The total number of shares repurchased to date, amounts to 136,525 USD Ordinary Shares and 7,772,274 JMD Ordinary Shares, equivalent to approximately US$635,000.00.
- The effective date of the purchase – Per the table above
- The source of funding of the purchase – The Company’s cash flows
- The method of effecting the purchase – The shares were repurchased on the open market via our brokers