Bank buys back shares
30,000 of its shares in January and February.
The bank, which announced a share repurchase programme in January, 2000, said that in January it bought 21,353 of its own shares at an average price of $24.11 and in February it bought a further 10,978 shares at an average price of $24.50.
LASALLE RE DIVIDEND STK LaSalle Re dividend The board of directors of LaSalle Re Holdings declared a dividend on Tuesday of $0.5469 per share on the company's limited series A preferred shares. The dividend will be payable on June 1st to preferred shareholders of record on May 1st 2001.
SERVICE SALES UP BUC Service sales up Bermuda-based 360networks announced significant sales of network services on its undersea networks including 360atlantic, the company's high-bandwidth cable linking the US, Canada, Ireland and the UK.
In the first quarter of 2001, 360networks, which owns TeleBermuda, completed sales totaling more than $475 million to major carriers and network service providers for services on 360atlantic, 360americas, 360asia, 360pacific as well as on its North American network.
"We have succeeded in selling a significant portion of the capacity on 360atlantic soon after completing and lighting it,'' said Greg Maffei, president and chief executive officer of 360networks.