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RTX A/S announces new share buy-back programme to commence 1 January 2020.

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NORDIC BUSINESS REPORT-November 26, 2019-RTX A/S announces new share buy-back programme to commence 1 January 2020

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Wireless communication solutions company RTX A/S (NASDAQ Copenhagen: RTX A/S) declared on Tuesday that its board of directors has approved the initiation of a new share buy-back programme of up to DKK20m and no more than 200,000 shares, corresponding to 2.2% of the share capital of the company.

RTX said its new buy-back programme will run from 1 January 2020 to 30 June 2020 and 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.

According to RTX, the purpose of the share buy-back programme is a continued adjustment of its capital structure and to meet the obligations arising from employee share-based remuneration programmes.

The share buy-back programme...

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