GraceKennedy repurchases 22,000 shares

GraceKennedy says it repurchased 22,000 shares under the 'GraceKennedy Share Repurchase Programme' between November 20 and 21.

The shares were valued at $74 each.

In a note to the Jamaica Stock Exchange, GK says the purpose of the purchase is to enhance shareholder value.

The company intends to purchase up to one per cent or 9.95 million shares in issue.

GraceKennedy says the funds used to make the purchase came from its cash flow. 

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