Log In

Reset Password

Somers board authorises repurchase of 100,000 shares

The board of directors of Somers Limited, the financial services investment holding company, has authorised the repurchase of up to 100,000 shares through a further share repurchase programme.

In a filing with the Bermuda Stock Exchange, Somers said the existing year’s programme expires on Monday.

The new programme will run until May 23, 2022.

The company said the authorised share repurchase programme represents less than 1 per cent of the company’s overall listed securities and is being implemented for the purpose of improving shareholder liquidity.

Somers said it may commence repurchases pursuant to this share repurchase programme effective on Monday.

During the first quarter of 2021, Somers reported that it bought back 4,141 shares at an average price of $16.47.

The number of shares in issue at March 31 was 21,786,152.

Somers Limited: announce share repurchase programme in filing with the Bermuda Stock Exchange

You must be Registered or to post comment or to vote.

Published May 24, 2021 at 7:47 am (Updated May 24, 2021 at 7:47 am)

Somers board authorises repurchase of 100,000 shares

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon