Somers Limited September Share Repurchases
Somers Limited announced that during the month of September 2015, Somers purchased 5,700 of its own common shares at an average cost of $13.00 per share. The Shares will be cancelled with immediate effect.
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$7.2 billion assets under management.
The Group’s other investments include an 84.6% stake in Westhouse Holdings PLC, a corporate and institutional stockbroking group, a 44% economic interest in Ascot Lloyd Holdings Limited, a UK independent financial adviser, a 21% economic interest in Merrion Capital Holdings Limited, an Irish financial services group and a 57% stake in West Hamilton Holdings Limited, a Bermuda property company.
Somers has shareholders’ equity of $217 million.
