Jan 2013 Financial News

GKC - Directors' and Senior Management Dealings in Securities

Jan 30, 2013

GraceKennedy Limited has informed the Stock Exchange of the following dealings in the Company’s securities by Directors and Senior Management, effective December 14, 2012, pursuant to stock grants approved by the Board at
a meeting on December 6, 2012.

1. Non Executive Directors:

As part of compensation for year 2012, non-executive directors were granted the amount of $807,085 each for the purchase of shares in the Company. Net of tax and transaction costs, this amounted to eight nonexecutive directors purchasing 11,965 shares each.

2. Executive Management:

The grants to Executive Management officers of the following stock units from the Employee Investment Trust at a 14% discount were taken up effective December 14, 2012:
- A Senior Officer purchased 247,470 shares.
- A Senior Officer purchased 154,670 shares.
- A Senior Officer purchased 278,400 shares.
- A Senior Officer purchased 154,670 shares.
- A Senior Officer purchased 206,220 shares.
- A Senior Officer purchased 222,720 shares.
- A Senior Officer purchased 412,450 shares.
The discount was calculated on the average of closing prices of the last 3 trading days at November 26, 2012.


Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday January 30, 2013