LOM Securities (Bahamas) Limited has opened an office in downtown Nassau. LOM has maintained offices in Bahamas since 2001 and the new office, situated in the Centre of Commerce building, serves as an ideal location to meet the demands of the international financial community.
Located a short distance southeast of Florida, The Bahamas was one of the first offshore jurisdictions to offer trust services. Over the years, the bank, trust and wealth management sector continues to prosper and is now a leader among offshore jurisdictions. Responsible government and pioneering policies have succeeded in making The Bahamas one of the most stable and innovative financial centers in the world. In addition, Nassau’s strategic location offers convenient flights to Europe, North America and the Caribbean.
“LOM’s move to Nassau reiterates our commitment to the Bahamas” General Manager Craig Lines added, “Over the last seven years we have developed a strong working relationship with a number of financial intermediaries in Nassau and it made sense to relocate. Our unique investment products and responsive service to financial professionals are a key part in providing wealth management and asset protection solutions”
About LOM:
LOM Securities (Bahamas) Limited is a wholly owned subsidiary of LOM (Holdings) Limited. Address: Centre of Commerce, 1 Bay Street, Nassau Bahamas
Phone: (242) 323-0032
Email: info@lom.com
LOM (Holdings) Limited is a publicly-held, offshore financial services company, providing a complete range of investment services and products through its regulated subsidiaries in Bahamas, Bermuda, and the Cayman Islands. In business for over 15 years, LOM today has over $1 billion in client assets under administration and provides brokerage, asset management, and corporate finance services to its high net-worth individual and institutional customers in over 75 countries around the world. LOM (Holdings) Limited is listed on the Bermuda Stock Exchange (symbol LOM BH). The consolidated group is debt-free and has shareholder's equity of over $21 million. Find out more about LOM offshore financial services.
Monday, February 25, 2008
Friday, February 15, 2008
LOM (Holdings) Limited (LOM) today announced that on January 28, 2008 it purchased 5,000 of its own shares for cancellation
HAMILTON, BERMUDA, Feb. 12 – LOM (Holdings) Limited (LOM) today announced that on January 28, 2008 it purchased 5,000 of its own shares for cancellation at an average price of $4.00 per share.
LOM is authorized to purchase shares from time to time in the open market, or privately negotiated transactions, or block trades. The number of shares ultimately repurchased, and the timing of the purchases, will depend upon market conditions, share price, and other factors. LOM currently has 6,355,500 shares of Common Stock outstanding.
"These stock repurchases demonstrate our confidence in the company and its future and represents our commitment to enhance value for shareholders," said Malcolm Moseley, Executive Vice President and Chief Financial Officer of LOM.
The stock repurchase will be funded using LOM’s available cash. As of December 31, 2007 LOM had cash and cash equivalents in excess of $9 million and zero debt.
About LOM (Holdings) LimitedLOM is a publicly-held, international financial services company, providing a complete range of investment services and products through its regulated subsidiaries in Bermuda, Bahamas and Grand Cayman. In business for nearly 15 years, LOM today has over $1 billion in client assets under administration and provides brokerage, asset management, and corporate finance services to its primarily high net-worth individual and institutional customers in over 75 countries around the world. LOM is publicly listed on the Bermuda Stock Exchange (symbol LOM BH). The consolidated group is debt-free and has shareholder’s equity of over $21 million.
Find out more about LOM's offshore financial services offering here.
LOM is authorized to purchase shares from time to time in the open market, or privately negotiated transactions, or block trades. The number of shares ultimately repurchased, and the timing of the purchases, will depend upon market conditions, share price, and other factors. LOM currently has 6,355,500 shares of Common Stock outstanding.
"These stock repurchases demonstrate our confidence in the company and its future and represents our commitment to enhance value for shareholders," said Malcolm Moseley, Executive Vice President and Chief Financial Officer of LOM.
The stock repurchase will be funded using LOM’s available cash. As of December 31, 2007 LOM had cash and cash equivalents in excess of $9 million and zero debt.
About LOM (Holdings) LimitedLOM is a publicly-held, international financial services company, providing a complete range of investment services and products through its regulated subsidiaries in Bermuda, Bahamas and Grand Cayman. In business for nearly 15 years, LOM today has over $1 billion in client assets under administration and provides brokerage, asset management, and corporate finance services to its primarily high net-worth individual and institutional customers in over 75 countries around the world. LOM is publicly listed on the Bermuda Stock Exchange (symbol LOM BH). The consolidated group is debt-free and has shareholder’s equity of over $21 million.
Find out more about LOM's offshore financial services offering here.
Subscribe to:
Posts (Atom)