This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
LOM Advises of Share Repurchase Program Detail
Hamilton, Bermuda, March 23, 2006 Pursuant to Regulation 6.37 of The BSX Listing Regulations NOTICE is hereby given that LOM (Holdings) Limited (the "Company") intends to acquire the listed securities pursuant to a securities repurchase program.
In view of the disparity between the current share price and the current book value of shares, the Board of Directors of the Company has authorized management to purchase shares for cancellation at a cost not to exceed $1,000,000.
During 2005 to date the Company repurchased 167,900 shares.
Neither the directors nor executive officers of the Company are aware of any associate and insider of the Company or any associate of any insider of the Company who intends to sell listed securities to the Company during the course of the securities repurchase program.
Neither the directors nor executive officers of the Company are aware of any direct or indirect benefits to any associate and insider of the Company or any associate of any insider of the Company by selling the listed securities during the currency of the securities repurchase program.
Waterstreet Corporate Services Limited
Registrar and Transfer Agent