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Otello Corporation share buyback program status
Otello Corporation share buyback program
About this update from Odfjell Technology Ltd.
[{"type":"text","content":"Reference is made to the stock exchange notice from 9 February 2026 announcing\nthe initiation of the share buyback program for Otello Corporation ASA (the\nCompany). From 1 June 2026 through 2 June 2026, Pareto Securities AS has bought\n28,527 shares on behalf of the Company at an average price of NOK 18.07 and a\ntotal value of NOK 515,417. Since the initiation of this share buyback program a\ntotal of 1,497,463 shares at an average price of NOK 18.38 and a total value of\nNOK 27,519,982 have been acquired. The maximum consideration to be paid for\nshares acquired under this buyback program is NOK 20 per share and the maximum\nnumber of shares that can be purchased under this buyback program is 3,689,541.\nAt present date, Otello owns 5,187,004 treasury shares in the Company, including\nthose bought in the previous buyback program. The shares are purchased in\naccordance with the authorization granted at the Company's extraordinary general\nmeeting on 15 September 2025. As the Company's 2026 annual general meeting was\nheld on 3 June 2026, the current share buyback program has now expired.\nClick here for more information© Oslo Bors ASA, source Oslo Stock Exchange","length":1481,"tagName":"div"}]