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Hamilton, Bermuda: 12 October 2023 - In a filing with the Bermuda Stock Exchange (“BSX”), Somers Limited (Ticker: SOMS.BH) announces the following:

 

Somers Limited Share Repurchase Programme

 

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. This new programme will replace the existing year’s programme. The new programme will run until October 11, 2024.

 

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 October 12, 2023. 

 

 

 

Media Contacts:

 

Alasdair Younie                                                                                                   

Director                                                                                                                

Somers Limited                                                   

Tel:  +1 441-542-9385                                                                       

Email:  ay@icm.bm                                                                            

 

 

-ENDS-

 

About Somers Limited:

 

Somers is a listed financial services investment holding company whose major assets include: a 54.4% holding in Resimac Group Limited, a leading non-bank Australian financial institution with over A$14.0 billion assets under management, and a 61.4% holding in Waverton Investment Management Group Limited, a UK wealth manager with £13.6 billion funds under management and administration. Somers had shareholders’ funds of approximately £282 million as at 31 March 2023. Somers’ shares are publicly traded and listed on the Bermuda Stock Exchange (Ticker: SOMS.BH). More details on the Company can be found at www.somers.limited.

 

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