REG - Hellenic Telecomms - SBB 2024

Hellenic Telecommunications Organization SAAnnouncement

23/02/2024 08:45

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RNS Number : 2604E  Hellenic Telecomms Organization S A  23 February 2024

 
       Announcement

 

 

Athens, February 23, 2024 - Hellenic Telecommunications Organization S.A.
("OTE" or the "Company"), announces that:

In line with the Company's Shareholder Remuneration Policy, as approved by the
competent bodies, the Company intends to launch an own share buyback program,
starting on 26.2.2024. The program will be executed during the period
26.2.2024 to 21.01.2025 and its size is targeted at approximately €153
million. The precise amount and number of shares that will be eventually
purchased depends on the share price and liquidity during this period.

Morgan Stanley Europe SE will lead-manage, at its discretion, the Own Share
Buy Back Programme during this period.

Own shares will be purchased exclusively for cancellation following a
Shareholders' General Meeting resolution and under the terms of the legal and
regulatory framework in force.

It is noted that the Company currently holds 1,926,507 own shares, acquired in
the context of implementation of 2023 Share Buy Back Programme, which it
intends to cancel following the approval of the next Shareholders General
Meeting.

 

The announcement is issued in accordance with Regulation (EU) No 596/2014 of
the European Parliament and of the Council of 16 April 2014 and the Commission
Delegated Regulation (EU) 2016/1052 of 8 March 2016.

       FOR FURTHER INFORMATION:

 OTE GROUP INVESTOR RELATIONS

 Τel. +30 210-6117364, +30 210-6332342 +30 210-6118190

 E-mail: iroffice@ote.gr (mailto:iroffice@ote.gr) , eboua@ote.gr

 

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