LOM (Holdings) Ltd. has announced that during the second quarter of 2010 it bought 20,000 of its own shares for cancellation at an average price of $3.15 per share.

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 6,237,450 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.