Otello Corporation ASA (GB:0FI5) has released an update.
Otello Corporation ASA has been actively buying back shares, acquiring 446,900 shares at an average price of NOK 8.37 recently, and a total of 1,844,600 shares at NOK 8.09 on average since the program’s initiation. The company has allocated a maximum of NOK 15 per share for the buyback, aiming to purchase up to 4,554,986 shares, which represents 5% of total outstanding shares. Currently, Otello holds 5,532,964 treasury shares, with the buyback authorized by the annual general meeting earlier this year.
For further insights into GB:0FI5 stock, check out TipRanks’ Stock Analysis page.
