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LOM announces share repurchase

LOM (Holdings) has announced a share repurchase.In a filing with the Bermuda Stock Exchange, LOM (Holdings) said that on July 1 the company purchased 4,500 of its own shares for cancellation at a price of $2.45 per share.LOM is authorised to purchase shares from time to time in the open market, or privately negotiated transactions, or block trades.The number of shares ultimately repurchased, and the timing of the purchases, will depend upon market conditions, share price, and other factors.LOM currently has 6,138,574 shares of Common Stock outstanding.