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LOM (Holdings) Limited – Share Repurchase
Hamilton, Bermuda – 30 August, 2012 – In a filing with the Bermuda Stock Exchange (“BSX”) dated 29 August, 2012, LOM (Holdings) Limited (“the Company”; Ticker: LOM.BH) announced that, on 24 August, 2012, through a private sale it purchased 400 of its own shares for cancellation at a price of $2.45 per share.
LOM is authorised to purchase shares from time to time in the open market, or privately negotiated transactions, or block trades. The number of shares ultimately repurchased, and the timing of the purchases, will depend upon market conditions, share price, and other factors. LOM currently has 6,143,074 shares of Common Stock outstanding.
“This stock repurchase demonstrates our confidence in the company and its future and represents our commitment to enhance value for shareholders” said Malcolm Moseley, Executive Vice President and Chief Financial Officer of LOM.
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 and Bahamas. In business for 19 years, LOM today has over $640 million 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 $16 million.
Find out more about LOM at www.lom.com