Brief: Otello Starts Share Buyback Program

Otello ASA

22/07/2024 10:18

July 22 (Reuters) - Otello Corporation ASA  OTEC.OL :
    * INITIATION OF SHARE BUYBACK PROGRAM
    * MAXIMUM CONSIDERATION TO BE PAID FOR SHARES ACQUIRED UNDER
BUYBACK PROGRAM IS NOK 15 PER SHARE AND 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 2025 AGM

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

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