May 23 (Reuters) - Rhythm Watch Co Ltd 7769.T :
* Says it will repurchase up to 9.4 million shares,
representing a 9.8 percent stake
* Says shares repurchased to be up to 1.5 billion yen in
total
* Says repurchase period from June 1 to Sep. 30
* Says repurchased shares to be retired on Oct. 20
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Keywords: RHYTHM WATCH/BRIEF