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Hamilton, Bermuda: 10^th, September 2021 - In a filing with the Bermuda Stock Exchange (“BSX”) LOM Financial Limited ("the Company"; Ticker: LOM.BH) announced there 2021 share repurchase programme.  The filing stated:

 

Notice is hereby given that at a meeting of the Board of Directors of LOM Financial Limited (the “Company”) on 23rd July 2021, the Directors authorized management to purchase up to 500,000 shares for cancellation, pursuant to Regulation 6.38 of the BSX Listing Regulations, at a price to be determined by them.

 

The authorized repurchase represents approximately 9% 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 approved by the BSX on 3rd August 2020, the Company repurchased 246,930 shares at the average price of $2.85 per share.

 

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.

 

About the LOM Financial Group:

LOM (www.lom.com) is a publicly-held, international financial services company, providing a complete range of investment services and products, with subsidiaries in Bermuda, Bahamas, Cayman and the UK. In business for nearly 30 years, LOM provides brokerage, custody, asset management, and corporate finance services to its primarily high net-worth individual and institutional customers around the world. LOM Financial Limited is publicly listed on the Bermuda Stock Exchange (symbol LOM.BH), and is the parent to its regulated subsidiaries – LOM Financial (Bermuda) Limited, LOM Financial (Bahamas) Limited, LOM Asset Management Limited, and Global Custody & Clearing Limited.

                                                    

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For more information on the Bermuda Stock Exchange (BSX), contact James Best at 1-441-292-7212 or jbest@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX.

 

Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

 

The BSX, recognised by the US SEC as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.