Somers Share Repurchases For April & May 2021
In a filing with the Bermuda Stock Exchange [BSX], Somers Limited announced share repurchases and total shares in issue.
The filing stated: “Somers Limited [Somers], a financial services investment holding company, announces that during the month of April 2021, Somers had no repurchases of its own common shares. The number of common shares in issue as at April 30, 2021 was 21,786,152 [net of nil treasury shares].”
In another filing said, “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 24, 2021. The new programme will run until May 23, 2022.
“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 24, 2021.”
