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Butterfield Announces New Share Buyback Programme
Hamilton, Bermuda – 27 March, 2012 – In a filing to the Bermuda Stock Exchange (“BSX”), the Bank of N.T. Butterfield & Son Limited (the “Bank”; Ticker: NTB.BH) announced that, effective 25 March, 2013, it has cancelled the existing Common Share Buyback Programme to implement a new programme for the purchase of up to 10 million Common Shares.
The Board of the Bank, at a meeting on 25 March, 2013, approved the repurchase of up to 10 million Common shares, the aggregate amount to be paid not to exceed $14 million and to be conducted as management of the Bank shall determine in its discretion.
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.
Further details on the Butterfield Group can be obtained from their website at: www.butterfieldgroup.com.