Otello Corporation share buyback program status

Otello Corporation share buyback program status

Issuer

Otello Corporation ASA

Reference is made to the stock exchange notice from 20 June 2023 announcing a
share buyback program for Otello Corporation ASA (the Company). From 22 April
2024 through 26 April 2024, Pareto Securities AS has bought 48,799 shares on
behalf of the Company at an average price of NOK 8.05 and a total value of NOK
392,667. Since the initiation of the share buyback program a total of 3,480,478
shares at an average price of NOK 8.53 and a total value of NOK 29,698,147 have
been acquired. The maximum consideration to be paid for shares acquired under
the buyback program is NOK 15 per share and the maximum number of shares that
can be purchased is 4,554,986 shares (5% of total outstanding shares). At
present date, Otello owns 3,480,478 treasury shares in the Company. The shares
are purchased in accordance with the authorization granted at the company's
annual general meeting on 1 June 2023.

More information:
Access the news on Oslo Bors NewsWeb site

617055_OTEC Transaksjonsoversikt 26.04.pdf