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Butterfield Announces Share Buyback Programme
Hamilton, Bermuda – 01 May, 2012 - The Bank of N.T. Butterfield & Son Limited (“Butterfield” or the “Bank”) today announced that it will introduce a Share Buyback Programme.
The Share Buyback Programme will enable Butterfield to repurchase, at its discretion, up to 6 million Common Shares and 2,000 Preference Shares at market prices on the stock exchanges on which Butterfield Shares are listed.
Butterfield has a primary listing on the Bermuda Stock Exchange, on which its Common Shares and Preference Shares trade actively. Butterfield maintains a secondary listing on the Cayman Islands Stock Exchange. Preference Shares are additionally listed on the Luxembourg Stock Exchange for trading the Euro MTF Market.
Notes:
The Bank of N.T. Butterfield & Son Limited (“Butterfield”) is Bermuda’s first and largest independent bank, and a specialist provider of international financial services. The Butterfield Group offers a full range of community banking services in Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities. In the wealth management area, the Group provides private banking, asset management, investment advisory and personal trust services from its headquarters in Bermuda and subsidiary offices in The Bahamas, the Cayman Islands, Guernsey, Switzerland and the United Kingdom. Butterfield also provides services to corporate and institutional clients from offices in Bermuda, The Bahamas, the Cayman Islands and Guernsey, which include asset management and corporate trust services.
Butterfield is a publicly traded corporation with shares listed on the Bermuda and Cayman Islands stock exchanges. Butterfield’s share price is published daily in The Royal Gazette (www.theroyalgazette.com) and is also available on Bloomberg Financial Markets (symbol: NTB BH) and the Bermuda Stock Exchange website (www.bsx.com). Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com.
Media Relations Contact:
Mark Johnson
Vice President, Communications,
Brand & Public Affairs
Phone: (441) 299 1624