LOM (Holdings) Ltd. has announced its intention to acquire listed securities pursuant to a repurchase programme, according to the Bermuda Stock Exchange (BSX).

In view of the disparity between the current share price and the current book value of shares, the board of directors of the company has authorised management to purchase shares for cancellation at a cost not above $1 million. During 2007, the company repurchased 169,100 shares.