OTEC: Otello Corporation share buyback program status
2026-10-18 19:38:10
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 12 October 2026 through 16 October 2026, Pareto Securities AS did
not buy any shares on behalf of the Company. Since the initiation of this share
buyback program a total of 973,198 shares at an average price of NOK 17.58 and a
total value of NOK 17,104,216 have been acquired. The maximum consideration to
be paid for shares acquired under this buyback program is NOK 20 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 6,160,202 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.
eeting on 3 June 2026.\