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DELAYED OPENING OF TRADING IN BUTTERFIELD SHARES ON THE BSX
Hamilton, Bermuda—15 September 2016: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) (BSX: NTB.BH) confirmed today the pricing of its US initial public offering. Butterfield expects trading to commence on the New York Stock Exchange (“NYSE”) tomorrow, Friday, 16 September 2016.
In connection with the expected open of trading on the NYSE, the Bermuda Stock Exchange (“BSX”), on which Butterfield’s shares currently trade, has authorised Butterfield to effect a delayed opening of trading in Butterfield's shares on Friday, 16 September.
The temporary suspension of trading in Butterfield's shares on the BSX has been implemented to facilitate an orderly opening of the shares on the BSX concurrently with the commencement of trading of Butterfield's shares on the NYSE.
Accordingly, trading in Butterfield's shares on the BSX will be temporarily suspended from 9:00 a.m. Bermuda time on Friday, 16 September 2016 until the NYSE opens trading in Butterfield's shares on the NYSE, at which time an announcement of the lifting of the suspension will be made.