LOM repurchases 34,900 shares
Financial services company LOM Financial Ltd has purchased 34,900 of its shares for cancellation, it announced in a filing with the Bermuda Stock Exchange.
LOM purchased the shares at an average price of $2.75 on Tuesday.
The company has 5,420,628 shares of common stock outstanding, it said.
Malcolm Moseley, executive vice-president and chief financial officer of LOM, said: “The current share repurchase programme confirms our commitment to continually enhance value for our shareholders.”