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LOM in share buy-back

Financial services company LOM is to buy back up to 200,000 of its own shares for cancellation.

LOM Financial Ltd's board has authorised the buy-back scheme, which represents around 3.3 per cent of the overall listed securities of the company.

The firm said the move was approved “due to a disparity between the current share price and the current book value of shares.”

Last year, LOM repurchased a total of 42,500 shares at an average price of $2.21 a share.

LOM provides international investment services and products from its offices in Bermuda, the Bahamas and the UK.

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Published August 06, 2015 at 9:00 am (Updated August 05, 2015 at 8:54 pm)

LOM in share buy-back

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