RTX Completes Share Buyback Effort Successfully
RTX has wrapped up its share buyback effort, successfully repurchasing 489,362 shares, which accounts for 5.78% of its total outstanding shares.
Details of the Buyback Scheme
The Board of RTX initiated a share buyback program in accordance with Article 5 of Regulation (EU) No. 596/2014. This move was intended to enhance shareholder returns and optimize the company's financial structure.
Program Execution Summary
The buyback initiative permitted RTX to repurchase shares valued up to DKK 20 million. Commencing on December 1, 2023, the program was scheduled to run through September 30, 2024. Its goals included stabilizing share prices, returning cash to shareholders, and better managing the company’s equity.
Transaction Highlights
Throughout the program, RTX executed multiple transactions. Noteworthy purchases included shares acquired at varying prices, contributing to the overall repurchase total. The accumulated shares under this program were bought at an average cost of DKK 86.70 each, totaling an expenditure of DKK 20,012,768.
Current Treasury Share Status
Following the completion of the buyback program, RTX now holds a total of 489,362 shares in its treasury, representing 5.78% of the company’s total share capital. Including these treasury shares, there are 8,467,838 shares in total circulation, reflecting the program’s positive impact on shareholder value.
Looking Ahead and Shareholder Communication
RTX will continue to assess its share structure and seek further strategic opportunities. Comprehensive details of the buyback transactions are available in the attached appendix. Shareholders can anticipate ongoing updates and clear communication regarding future strategies and company performance.
Frequently Asked Questions
What is the purpose of the share buy-back programme for RTX?
The share buy-back programme aims to enhance shareholder value, manage equity effectively, and support the company's stock price.
What is the total number of shares RTX will repurchase?
RTX has authorized repurchase of shares up to an amount of DKK 20 million during the buy-back programme period.
How many treasury shares does RTX hold post programme?
Post programme completion, RTX holds 489,362 treasury shares, which constitute 5.78% of its total share capital.
How can shareholders track the transactions related to the buy-back?
Transactions associated with the share buy-back programme are detailed in the appendix attached to the company's announcements, ensuring transparency.
Who can shareholders contact for more information?
For further inquiries, shareholders can contact the CEO, Peter Røpke, at +45 96 32 23 00.
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