Brief: Otello Starts Share Buyback Program

Otello ASA

20/06/2023 06:08

June 20 (Reuters) - Otello Corporation ASA  OTEC.OL :
    * INITIATION OF SHARE BUYBACK PROGRAM
    * TO INITIATE A SHARE BUYBACK PROGRAM BY UTILIZING AUTHORIZATION AS GRANTED BY 2023 ANNUAL
GENERAL
MEETING
    * MAXIMUM CONSIDERATION TO BE PAID FOR SHARES ACQUIRED UNDER BUYBACK PROGRAM IS NOK 15 PER
SHARE
    * MAXIMUM NUMBER OF SHARES THAT CAN BE PURCHASED IS 4 554 986 SHARES (5% OF TOTAL
OUTSTANDING
SHARES)
    * PROGRAM WILL BE INITIATED AS FROM TODAY AND EXPIRE NO LATER THAN AT 2024 AGM.

Source text for Eikon:  ID:nObiYD8Z3a 
Further company coverage:  OTEC.OL 

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