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OTEC: Otello Corporation share buyback program status
2026-11-13 21:55:05
Reference is made to the stock exchange notice from 8 June 2026 announcing the
initiation of the share buyback program for Otello Corporation ASA (the
Company). From 9 November 2026 through 13 November 2026, Pareto Securities AS
has bought 175,814 shares on behalf of the Company at an average price of NOK
17.76 and a total value of NOK 3,122,804. Since the initiation of this share
buyback program a total of 1,552,212 shares at an average price of NOK 17.80 and
a total value of NOK 27,623,416 have been acquired. The maximum consideration to
be paid for shares acquired under this buyback program is NOK 25 per share and
the maximum number of shares that can be purchased under this buyback program is
2,192,046. At present date, Otello owns 6,739,216 treasury shares in the
Company, including those bought in the previous buyback programs. The shares are
purchased in accordance with the authorization granted at the Company's annual
general meeting on 3 June 2026.
ral meeting on 3 June 2026.\