LOM Financial June Share Repurchases
In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited announced that, during the month of June, the Company purchased a total of 120,250 shares at an average price of $2.77 for cancellation.
The full filing stated, “LOM Financial Limited has announced that the Company purchased a total of 120,250 shares at an average price of $2.77 for cancellation in June 2019, pursuant to Regulation 6.38 of the BSX Listing Regulations.
“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 5,751,028 shares of Common Stock outstanding.”
“These stock repurchases demonstrate our confidence in the company and its future and represents our commitment to enhance value for shareholders,” said Malcolm Moseley, Executive Vice President and Chief Financial Officer of LOM.
