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Bank of Butterfield Continues Share Buyback
Hamilton, Bermuda: 01 June 2007 -- The Bermuda Stock Exchange (BSX) has today been advised that in the month of May 2007, Butterfield Bank bought back and cancelled 44,644 of its own shares at an average price of BD$59.08, under the share repurchase programme announced at the beginning of 2007.
This is the number of shares bought back and cancelled during the month.
Furthermore, during March 2007 the Bank bought 45,130 shares at an average price of BD$59.97 which are intended to be used to satisfy the Bank's obligations in respect of the Officers' and Employees Stock Option Plans.