Somers Limited Share Repurchase Programme
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced their share repurchase programme.
The full filing stated: “Somers Limited, a financial services investment holding company, announces that its Board of Directors has authorised the repurchase of up to 400,000 shares through a further share repurchase programme. Between June 2013 and April 2018, the Company effected the purchase of 287,797 shares. The Company can therefore purchase a maximum of 112,203 shares over the next year.
“The authorised share repurchase programme represents less than 3% 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 May 23, 2018.”
