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Somers Limited – Share Repurchase Programme
Hamilton, Bermuda: 24th, May 2022 – In a filing with the Bermuda Stock Exchange (“BSX”), Somers Limited (“Somers”, the “Company” or the “Group”; Ticker: SOM.BH) announced their share repurchase programme. The full filing stated:
May 24, 2022
Somers Limited Share Repurchase Programme
(Hamilton, Bermuda) Somers Limited (“Somers” or the “Company”), 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, 2022. The new programme will run until May 24, 2023.
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 27, 2022.
Media Contacts:
Alasdair Younie
Director
Somers Limited
Tel: +1 441-452-9242
Email: ay@icm.bm
About Somers Limited:
Somers is a listed financial services investment holding company whose major assets include: a 62.4% holding in Resimac Group Limited, a leading non-bank Australian financial institution with A$14.6 billion assets under management; a 61.8% holding in Waverton Investment Management Group Limited, a UK wealth manager with £12.7 billion funds under management and administration; and a 64.4% shareholding in UK specialist bank, PCF Group plc. Somers has shareholders’ funds of approximately US$555 million. Somers’ shares are publicly traded and listed on the Bermuda Stock Exchange (Ticker: SOM.BH). More details on the Company can be found at www.somers.limited.
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For more information on the Bermuda Stock Exchange (BSX), contact James Best at 1-441-292-7212 or info@bsx.com . Information is also available at bsx.com and on Bloomberg at BSX.
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