RTX Completes Share Buy-back Programme Successfully
RTX Completes Share Buy-back Programme
The Board of Directors of RTX has resolved to initiate a share buy-back programme in accordance with the provisions of Article 5 Regulation (EU) No. 596/2014. This initiative aligns with the regulations designed to ensure fair treatment in market transactions. The programme aims to enhance shareholder value and optimize the capital structure of the company.
Details of the Share Buy-back Programme
Under the specified programme, RTX is authorized to repurchase shares up to an amount of DKK 20 million. The initial phase of this buy-back operation commenced on 1 December 2023 and will continue until 30 September 2024. The intent behind this buy-back is to support the company’s share price, return cash to shareholders, and to manage the company’s equity effectively.
Recent Transactions Conducted
Throughout the execution of the programme, various transactions have been documented. Here is a summary of the recent buy-back activities:
As of the latest announcements, RTX has successfully accumulated a portion of shares as follows:
- Shares prior to programme initiation: 258,528
- Accumulated shares as per the latest announcement: 229,334 with a transaction value of 19,890,888 DKK.
- Recent transactions on specific dates resulted in the purchase of additional shares, leading to the current total within the buy-back programme.
On summarizing the recent buy-back transactions:
- On one specific date, 500 shares were bought at an average price of 79.85 DKK.
- Another round involved the acquisition of 500 shares at 81.70 DKK.
- One more transaction saw 500 shares purchased at 82.21 DKK.
The accumulation under this buy-back programme now totals 230,834 shares, with an average purchase price of 86.70 DKK, valued at 20,012,768 DKK in total.
Current Holdings in Treasury Shares
After the completion of the details in the buy-back programme, RTX A/S now holds a total of 489,362 treasury shares. This amount represents 5.78% of the entire share capital of the company. With a complete total of 8,467,838 shares in circulation, including the treasury shares, this buy-back initiative has been a significant step in enhancing shareholder value.
Next Steps and Investor Information
Moving forward, RTX will continue to monitor its share structure and look for further strategic opportunities. All related transactions to the share buy-back programme are published in detailed form in the appendix attached. Shareholders can expect clear communication regarding any future actions and the company's 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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