LOM Financial Limited Share Repurchases
LOM Financial Limited announced that, during August 2017, the Company purchased a total of 42,600 shares at a price of $2.50 for cancellation, pursuant to Regulation 6.38 of the BSX Listing Regulations.
The Company’s repurchase followed a purchase of 10,000 shares at $2.55 by a director of the Company, which set a new, higher price than the previous high trade in March 2017, which was at $2.50.
“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 5,952,278 shares of Common Stock outstanding,” the company said.
