March 17, 2025
44 S Broadway, White Plains, New York, 10601
CARIBBEAN

Unleash Your Potential: JMMBGL’s Exciting Share Buyback Program Revealed!

Unleash Your Potential: JMMBGL’s Exciting Share Buyback Program Revealed!

Investor Alert: JMMB Group Limited Boosts Shareholder Value with Share Buyback

On March 10, 2025, JMMB Group Limited (JMMBGL) took a strategic move to enhance shareholder value by executing a share buyback under its ongoing programme. The details of this significant transaction are as follows:

  • Effective date of purchase: March 10, 2025
  • Number of Ordinary Shares Purchased: 292,768
  • Average Price: JA$22.23
  • Total Amount: JA$6,535,784.59

However, the buyback was not merely about numbers. JMMBGL had a clear strategy in mind to benefit its stakeholders over the long term. Here are some key points to note:

  1. Value Enhancement: The primary objective behind the share repurchase was to bolster shareholder value. By reducing the number of outstanding shares in the market, the company aimed to increase the value of each share held by existing investors.
  2. Maximum Repurchase Limit: JMMBGL has set a maximum limit of JA$300,000,000 for the intended repurchase. This strategic decision ensures that the company maintains a balance between returning capital to shareholders and retaining sufficient funds for its operations.
  3. Source of Funding: The buyback was funded through the company’s reserves of cash on its balance sheet. By utilizing internal resources, JMMBGL demonstrated financial stability and confidence in its ability to generate future cash flows.
  4. Execution Details: The shares were repurchased on the open market through JMMB Securities Limited, the company’s trusted broker. This transparent and structured approach to the buyback process underlines JMMBGL’s commitment to operating with integrity and efficiency.

In conclusion, JMMB Group Limited’s recent share buyback is a strategic step towards enhancing shareholder value and optimizing capital structure. By repurchasing shares at a calculated price and with a clear objective in mind, the company not only rewards its investors but also signals confidence in its financial health. Investors can look forward to continued growth and value creation as JMMBGL navigates the dynamic market landscape with prudence and foresight.

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