LOM (Holdings) Limited (LOM) has notified the Bermuda Stock Exchange (BSX) of its intention to begin a repurchase programme for its common shares.

In the notice LOM indicated that its directors had approved the programme and had put aside BD$500,000 for use in the programme during the 12 months beginning on March 17.

LOM also indicated that it only intended to repurchase its common shares at BD$2.00 or less.

This share repurchase programme replaces the previous programme announced on August 13 2002, under which LOM repurchased 43,400 shares.