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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Somero Enterprises, Inc.    SOM

SOMERO ENTERPRISES, INC.

(SOM)
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Somero Enterprises : Share Buyback Programme

03/12/2020 | 07:47am EST

Somero Enterprises Inc.

('Somero' or 'the Company')

Share Buyback Programme

Somero® announces that further to the final results announcement of 11 March 2020, the Company has now entered into instructions with finnCap Ltd ('finnCap') to enable the Company to buy back ordinary shares of $0.01 each in the capital of the Company ('Ordinary Shares') for an aggregate maximum consideration of up to $1.0m (the 'Buyback Programme'). The Buyback Programme commenced on 11 March 2020 and is expected to end no later than 31 December 2020.

The purpose of the share buyback is to reduce the Company's share capital, with the result of increasing the Company's earnings per share. It is intended that any shares repurchased will be immediately cancelled. The maximum price paid per Ordinary Share is to be no more than 105 per cent. of the average middle market closing price of an Ordinary Share for the five business days preceding the date of any share buyback.

During the course of the Buyback Programme, the Company will make further announcements to the market as and when share purchases are made.

For further information, please contact:

Somero Enterprises, Inc.www.somero.com

Jack Cooney, CEO +1 239 210 6500

John Yuncza, CFO

Howard Hohmann, EVP Sales

finnCap Ltd (NOMAD and Broker)

Matt Goode / Kate Bannatyne (Corporate Finance) +44 (0)20 7220 0500

Tim Redfern / Richard Chambers (Corporate Broking)

Alma PR (Financial PR Advisor) somero@almapr.co.uk

Rebecca Sanders-Hewett +44 (0) 2034 050 205

Susie Hudson

Sam Modlin

David Ison

Disclaimer

Somero Enterprise Inc. published this content on 12 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 March 2020 12:46:09 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 80,0 M - -
Net income 2020 14,5 M - -
Net cash 2020 26,0 M - -
P/E ratio 2020 15,2x
Yield 2020 5,06%
Capitalization 220 M 222 M -
EV / Sales 2020 2,42x
EV / Sales 2021 2,65x
Nbr of Employees 179
Free-Float 98,4%
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Technical analysis trends SOMERO ENTERPRISES, INC.
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts 1
Average target price 3,77 $
Last Close Price 3,91 $
Spread / Highest target -3,58%
Spread / Average Target -3,58%
Spread / Lowest Target -3,58%
EPS Revisions
Managers
NameTitle
John T. Cooney President, Chief Executive Officer & Director
Lawrence L. Horsch Non-Executive Chairman
John H. Yuncza Chief Financial Officer, Secretary & Director
Thomas M. Anderson Independent Non-Executive Director
Howard Hohmann Executive Director & EVP-Sales Worldwide