LOM Financial Share Repurchase Program
In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited announced that its Board of Directors authorised management to repurchase up to 400,000 shares.
The full filing says, “At a meeting held on 29th July 2026, the Board of Directors authorized management to purchase up to 400,000 shares, pursuant to Regulation 6.38 of the BSX Listing Regulations, at a price to be determined by them. Shares bought back under this program are expected to be retained by the Company as treasury shares.
“The authorized repurchase represents approximately 8% of the overall listing securities of the Company and was approved due to a disparity between the current share price and the current book value of shares.
“Under the previous share repurchase agreement, through 10th August 2026, the Company repurchased 30,000 shares at an average price of $7.86.
“At this time there is no specific repurchase anticipated; the facility is in place in order to repurchase in the market any shares that may be offered by shareholders.
“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.”
