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Bottomline Technologies board authorizes share buyback program

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Bottomline Technologies board authorizes share buyback program

The board of Bottomline Technologies (de) Inc. authorized a share buyback program of up to $50 million.

The first $10 million is targeted to be completed by Sept. 30. Stock repurchases may be executed pursuant to trading plans established in accordance with Rule 10b5-1 and through various means, including open market transactions, privately negotiated transactions or tender offers.