The International financial services company LOM Financial Limited has announced that it purchased 10,000 shares at an average price of $6.25 for cancellation during March.

In a filing with the Bermuda Stock Exchange, LOM said it was authorised 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, the company said.

LOM has 4,908,698 shares of common stock outstanding.

The publicly held LOM Financial Group provides private investment services and products, with subsidiaries in Bermuda, Bahamas, Cayman and the UK.

The 30-year-old company provides brokerage, custody and wealth management services to its primarily high-net-worth individual and institutional customers around the world.