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Butterfield Renews Share Buy-back Programme
Hamilton, Bermuda – 01 April, 2013 – The Bank of N.T. Butterfield & Son Limited (the “Bank”; Ticker: NTB.BH) today announced that it has renewed its Buy-back Programme for Common Shares.
Butterfield introduced the Share Buy-back Programme in May 2012 and expanded it in December to allow for the repurchase of up to 10 million Common Shares. As at 31 December 2012, Butterfield had repurchased 7.3 million Common Shares under the Programme. With today’s announcement, the Bank’s Board has authorised the repurchase, at the Bank’s discretion, of up to 10 million additional Common Shares at market prices on the stock exchanges on which Butterfield Shares are listed.
The Bank’s Buy-back Programme for Preference Shares remains unchanged.
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.
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 and the Cayman Islands, encompassing retail and corporate banking and treasury activities. Butterfield also provides private banking, asset management and personal trust services from its headquarters in Bermuda and subsidiary offices in the Cayman Islands, Guernsey and the United Kingdom. In Switzerland and The Bahamas, Butterfield provides personal trust and company 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.
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