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Bank of Butterfield Continues Share Buyback
Hamilton, Bermuda: 3rd January 2006 - The Bermuda Stock Exchange (BSX) has today been advised that in December 2005 the Bank's Stock Option Trust bought 70,046 shares at an average price of BD$46.56 which are intended to be used to satisfy the Bank's obligations in respect of the Directors', Officers' and Employees Stock Option Plans.
There were no shares bought back and cancelled during December.
The repurchases were made under the share repurchase programme announced January 5, 2000.