Raketech terminates share buy-back programme
The Board of Directors for Raketech Group Holding P.L.C. (“Raketech”) has decided to terminate the programme to repurchase its shares until further notice. A total of 487,000 shares, equivalent to 1.3 percent of the total number of shares and votes in the company, were repurchased as part of the buy-back programme that was announced on June 5, 2019.The purpose of the buy-back programme was to decrease Raketech’s capital. The Board of Directors now assesses that the opportunities for organic and M&A-driven growth have strengthened, and that larger shareholder value can be created over time