LOM Share Repurchases For January 2021
In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited, announced share repurchases on 22 January 2021.
The filing stated: “LOM Financial Limited has announced that the Company purchased a total of 40,000 shares at an average price of $3.175 for cancellation, on 22nd January 2021, pursuant to Regulation 6.38 of the BSX Listing Regulations.
“Pursuant to Regulation 6.14[2][i] of the Regulations, notice was also given that the two purchases, of 20,000 shares at $3.15 and 20,000 shares at $3.20, set new, higher prices than the previous trade on 23rd October 2020, which was at $2.80. The Company has advised that there is no pending announcement to be made.
“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 5,163,698 shares of Common Stock outstanding.
“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.”
