LOM Financial April Share Repurchases

April 13, 2018 | 0 Comments

In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited, announced that, on April 11th, the Company purchased a total of 40,000.

The full filing stated: “LOM Financial Limited, announced that on April 11, 2018 the Company purchased a total of 40,000 shares at an average price of $2.55 for cancellation, pursuant to Regulation 6.38 of the BSX Listing Regulations. The first 10,000 shares of the purchase, at $2.60, set a new, higher price than the previous high trade in August 2017, which was at $2.55.

“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 5,887,278 shares of Common Stock outstanding.”

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