January 15, 2014 at 6:01 a.m.
Business briefs: BNTB buys back almost 500,000 shares
Business briefs: BNTB buys back almost 500,000 shares
The Bank of Butterfield continued its share buy back programme in December.
In a filing with the Bermuda Stock Exchange, the Bank said during the month of December 2013, it purchased for Treasury 489,983 Common Shares at an average cost of $1.465 per share.
In addition, in December the Bank purchased, for cancellation, 97 8% Preference Shares at an average price of $1,182.00.
Butterfield also announced this week it has reached an agreement in principle with Legis Group Holdings Limited to acquire Legis Group’s Guernsey-based trust and corporate services business.
No price was announced on the deal.
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