Hamilton, Bermuda: 13 August 2002 - LOM (Holdings) Limited (LOM) has given notice to the Bermuda Stock Exchange (BSX) of its intention to commence a repurchase programme for its Common Shares.
In the Notice LOM indicated that its Directors have approved the programme and have put aside BD$500,000 for use in the programme during the twelve month period commencing today's date. LOM also indicated that it only intends to repurchase its Common Shares at BD$1.80 or less.