Butterfield Bank New Share Buyback Programme
In a filing to the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited 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.
