This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Somers Limited: Share Repurchase Notification and Total Shares in Issue
Hamilton, Bermuda: 11th, October 2022 – In a filing with the Bermuda Stock Exchange (“BSX”), Somers Limited (“Somers”, the “Company” or the “Group”) (Ticker: SOMS.BH) announced share repurchases and total shares in issue. The full filing stated:
October 11, 2022
Somers Limited Share Repurchase Programme
For Immediate Release - (Hamilton, Bermuda) Somers Limited (“Somers” or the “Company”), a financial services investment holding company, announces that its Board of Directors has authorised the repurchase of up to 100,000 shares through a further share repurchase programme. This new programme will replace the existing year’s programme. The new programme will run until October 11, 2023.
The authorised share repurchase programme represents less than 1% of the Company’s overall listed securities and is being implemented for the purpose of improving shareholder liquidity. The Company may commence repurchases pursuant to this share repurchase programme effective October 12, 2022.
Media Contacts:
Alasdair Younie
Director
Somers Limited
Tel: +1 441-542-9385
Email: ay@icm.bm
-ENDS-
About Somers Limited:
Somers is a listed financial services investment holding company whose major assets include: a 53.8% holding in Resimac Group Limited, a leading non-bank Australian financial institution with over A$16 billion assets under management; a 61.8% holding in Waverton Investment Management Group Limited, a UK wealth manager with £12.2 billion funds under management and administration; and a 73.2% shareholding in UK specialist bank, PCF Group plc. Somers has shareholders’ funds as at March 31, 2022 of approximately US$555 million. Somers’ shares are publicly traded and listed on the Bermuda Stock Exchange (Ticker: SOMS.BH). More details on the Company can be found at www.somers.limited
# # # #
About the BSX
The Bermuda Stock Exchange (the BSX) is the global leading exchange for the listing of insurance linked securities (ILS) and specialises in listing services for ILS, debt, funds, derivative warrants, equities and structured securities. With over 1,300 securities listed, the BSX is uniquely positioned between Europe and the Americas to deliver speed to market for international issuers. Part of the MIAX Exchange Group, the BSX facilitates electronic trading and settlement and operates the Bermuda Securities Depositary platform. Established in 1971, the BSX is a member of the World Federation of Exchanges, an associate member of IOSCO, holds Designated Offshore Securities Market (DOSM) status from the US SEC and is a recognised exchange in the UK, Ireland, Canada and Australia for tax purposes. To learn more about the BSX visit https://www.bsx.comand or contact info@bsx.com