LOM (Holdings) Ltd. yesterday announced that during the second quarter of 2009 it purchased 11,300 of its own shares for cancellation at an average price of $3.60 per share.

LOM is authorised to purchase shares from time to time in the open market, privately negotiated transactions, or through 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 6,279,350 shares of common stock outstanding.

"These stock repurchases demonstrate our confidence in the company and represents our commitment to enhance value for shareholders," said Malcolm Moseley, executive vice-president and chief financial officer of LOM.