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LOM (Holdings) Ltd Announces 2009 Share Repurchase Programme
HAMILTON, BERMUDA - 04 May 2009 - Pursuant to Regulation 6.37 of the BSX Listing Regulations, LOM (Holdings) Limited (LOM) ("the Company') announces that it 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 $500,000.
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.
More information can be found on the web at www.lom.com/financial-statements.
Released by
Waterstreet Corporate Services Limited
Registrar and Transfer Agent
About LOM:
The LOM Group is an offshore international financial services company, providing a complete range of investment services and products through its regulated subsidiaries in Bermuda, Bahamas and Grand Cayman and a marketing office in London, England. In business for over 16 years, LOM today provides brokerage, asset management, and corporate finance services to its primarily high net-worth individual and institutional customers in over 75 countries around the world. The parent company, LOM (Holdings) Limited, is publicly listed on the Bermuda Stock Exchange (symbol LOM.BH). The consolidated group is debt-free and has shareholder's equity of over $19 million.