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LOM (Holdings) Limited – Share Repurchase Programme
Hamilton, Bermuda – 03 August, 2010 - In a filing to the Bermuda Stock Exchange (BSX), dated 28 July, 2010, LOM (Holdings) Limited (“LOM”; Ticker: LOM.BH) announced that it intends to acquire listed own securities pursuant to a securities repurchase programme.
LOM stated: “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 $200,000.
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.”
About LOM (Holdings) Limited
LOM is a publicly-held, international financial services company, providing a complete range of investment services and products through its regulated subsidiaries in Bermuda, Bahamas and Grand Cayman. In business for nearly 15 years, LOM today has over $1 billion in client assets under administration and 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. LOM is publicly listed on the Bermuda Stock Exchange (symbol LOM BH). The consolidated group is debt-free and has shareholder’s equity of over $21 million.
Find out more about LOM at www.lom.com.