Nørresundby, Denmark, 26 November 2019
Announcement no. 61/2019
The Board of Directors of RTX A/S has decided to initiate a new share buy-back programme of up to DKK 20 million to be executed during the period 1 January 2020 to 30 June 2020. The new programme will be executed upon completion of the current programme under execution which was initiated on 1 August 2019 and is ongoing until 31 December 2019 (cf. company announcement 31/2019).
The share buy-back programme is initiated pursuant to the authorization granted to the Board of Directors by the Annual General Meeting on 25 January 2018, which authorizes RTX to acquire treasury shares at a nominal value not exceeding more than 10 percent of the share capital.
The share buy-back is executed in accordance with the EU Market Abuse Regulation, EU Regulation no. 596/2014 of 16 April 2014 and EU Delegated Regulation 2016/1052 of 8 March 2016 (together referred to as the ”Safe Harbour Regulation”).
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 employee share-based remuneration programmes.
Time frame
The share buy-back programme will run from 1 January 2020 to 30 June 2020.
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 DKK 20 million, and no more than 200,000 shares, corresponding to 2.2% of the share capital of RTX A/S.
The shares cannot be purchased at prices exceeding the higher of (i) the price of the latest independent trade 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 25 November 2019, RTX holds 519,343 treasury shares of a nominal value of DKK 5, equal to 5.81% of the share capital.
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 on a weekly basis issue an announcement in respect of transactions made under the programme.
Questions and further information:
CEO Peter Røpke, tel: +45 96 32 23 00.
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