Otello Corporation share buyback program status

05 Oct 2024 21:55 CEST

Reference is made to the stock exchange notice from 22 July 2024 announcing a
share buyback program for Otello Corporation ASA (the Company). From 30
September 2024 through 4 October 2024, Pareto Securities AS has bought 120,900
shares on behalf of the Company at an average price of NOK 7.93 and a total
value of NOK 958,554. Since the initiation of this share buyback program a total
of 2,538,800 shares at an average price of NOK 8.12 and a total value of NOK
20,614,871 have been acquired. The maximum consideration to be paid for shares
acquired under this buyback program is NOK 15 per share and the maximum number
of shares that can be purchased under this buyback program is 4,554,986 shares
(5% of total outstanding shares). At present date, Otello owns 6,227,164
treasury shares in the Company (including those acquired under the previous
buyback program). The shares are purchased in accordance with the authorization
granted at the company's annual general meeting on 3 June 2024.

More information:
Access the news on Oslo Bors NewsWeb site

629083_OTEC Transaksjonsoversikt11.pdf