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Somers Limited - Director Appointment
Hamilton, Bermuda – 17 July, 2014 – Somers Limited (“Somers”, the “Company” or the “Group”; Ticker: SOM.BH), a financial services investment holding company, is pleased to announce the appointment of Mr. Charles Jillings as a Director of the Company.
Charles is a Director of ICM Limited, the Company’s investment adviser. He is a chartered accountant and previously worked in corporate finance at Hill Samuel Bank in London for 10 years. He has been a Director of a number of listed companies and is currently a non-executive Director of KeyTech Limited.
Somers Limited is a listed financial services investment holding company whose major assets include its 100% owned subsidiary, Bermuda Commercial Bank Limited, one of Bermuda’s four licensed banks and a 62.5% holding in Waverton Investment Management Limited, a UK wealth manager with over US$8.0 billion assets under management. The Group’s other investments include an approximate 75% economic interest in the London Stock Exchange listed Private & Commercial Finance Group PLC, a UK asset financing company, a 84.6% stake in Westhouse Holdings PLC, a corporate and institutional stockbroking group. Somers has shareholders’ equity, after minority interests, of $183 million and no external debt. Somers’ shares are publicly traded and listed on the Bermuda Stock Exchange (Ticker: SOM.BH) and more details on the Company can be found at www.somers.bm
Media Contact:
Alasdair Younie, Director
Somers Limited
Tel: 441-299-2897