LOM Financial July Share Repurchase
In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited, announced that, during the period 1st to 16th July, the Company purchased a total of 175,000 shares at an average price of $2.78 for cancellation.
The full filing stated: “Please be advised that LOM Financial Limited has purchased a total of 175,000 shares at an average price of $2.78 for cancellation during the period of July 1st to 16th, and since the Company’s previous filing covering the month of June, pursuant to Regulation 6.38 of the BSX Listing Regulations ‘the Regulations’. Pursuant to Regulation 6.14 of the Regulations, please be advised that this amount represents approximately 3% of the outstanding shares of the Company prior to the purchases.
“Neither the directors nor executive officers of the Company are aware of any associate nor insider of the Company or any associate of any insider of the Company who intends to sell listed securities to the Company during the course of the securities repurchase program.
“Neither the directors nor executive officers of the Company are aware of any direct or indirect benefits to any associate and insider of the Company or any associate of any insider of the Company by selling or not selling the listed securities during the currency of the securities repurchase program.”
