The Bank of N.T. Butterfield & Son Limited (“Butterfield”) 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.