Nørresundby,
Announcement no. 38/2020
The Board of Directors of
The share buy-back programme is initiated pursuant to the authorization granted to the Board of Directors by the Annual General Meeting on
The share buy-back is executed in accordance with the EU Market Abuse Regulation, EU Regulation no. 596/2014 of
Purpose
The purpose of the share buy-back programme is a continued adjustment of RTX’s capital structure and to meet the obligations arising from share-based remuneration programmes for employees.
Time frame
The share buy-back programme will run from
Terms
RTX has appointed Danske Bank as lead manager for the share buy-back programme. Danske Bank will make its own trading decisions and act independently of and without influence or involvement from RTX.
Under this share buy-back programme RTX may repurchase shares up to a maximum amount of
Shares acquired under the programme cannot be purchased at a price exceeding the higher of (i) the price of the latest independent transaction on Nasdaq Copenhagen and (ii) the price of the highest independent bid on Nasdaq Copenhagen at the time of the transaction.
The total number of shares that may be purchased on a single trading day may not exceed 25% of the average daily trading volume over the preceding 20 trading days on Nasdaq Copenhagen.
As of
RTX is entitled to suspend or stop the programme at any time subject to announcement to Nasdaq Copenhagen.
Upon initiation of the programme, RTX will issue a weekly announcement in respect of transactions made under the programme.
Questions and further information:
CEO
Attachment
- RTX CA No 38-2020 -
24.11.20 - New share buy-back programme
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