Somers Limited Share Repurchase Programme
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced their share repurchase programme.
The filing stated: “Somers Limited, a financial services investment holding company, announces that its Board of Directors has authorised the repurchase of up to 100,000 shares through a further share repurchase programme. The existing year’s programme expires on May 22, 2020. The new programme will run until May 24, 2021.
“The authorised share repurchase programme represents less than 1% 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 25, 2020.”
