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Somers Limited - Amended Share BuyBack Programme
Hamilton, Bermuda – 04 August, 2015 – Somers Limited (“Somers”, the “Company” or the “Group”; Ticker: SOM.BH), a Bermuda exempted financial services investment holding company, announces that it has amended its Share Buyback Programme (the “Programme”), increasing the maximum number of Common Shares to be repurchased from 200,000 to 300,000. The current Programme was approved by the Somers Board on September 26, 2013.
Media Contacts:
Alasdair Younie
Director
Somers Limited
Tel: 441-299-2897
Email: ay@icm.bm
Ends
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$7.1 billion assets under management. The Group’s other investments include an approximate 68% economic interest in the London Stock Exchange listed Private & Commercial Finance Group PLC, a UK asset financing company, an 84.6% stake in Westhouse Holdings PLC, a corporate and institutional stockbroking group, a 40% economic interest in Ascot Lloyd Holdings Limited, a UK independent financial adviser and a 21% economic interest in Merrion Capital Holdings Limited, an Irish financial services group. Somers has shareholders’ equity, after minority interests, of $205 million. 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.