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CEO Lines’ company buys $1.5m of LOM shares

Scott Lines

More than half a million shares of Bermuda-based broker-dealer LOM (Holdings) Ltd changed hands in Bermuda Stock Exchange trading yesterday, writes Alex Wright.The company announced after the close of trading that a private holding company 100 percent owned by director and president Scott Lines has acquired what amounted to a 7.6 percent stake in the company during yesterday’s trading. In a filing to the Bermuda Stock Exchange, LOM said that 470,900 shares were bought by the company. The share price closed at $3.25 valuing the shares at $1.53 million. The shares were sold by unrelated shareholders.The total number of shares traded by LOM during the day was 516,476 as its share price rose 10.16 percent (30 cents).