Otello Corporation ASA

Transaction in Own Shares • Nov 17, 2024

Otello Corporation share buyback program status

Otello Corporation share buyback program status

Reference is made to the stock exchange notice from 22 July 2024 announcing a share buyback program for Otello Corporation ASA (the Company). From 11 November 2024 through 15 November 2024, Pareto Securities AS has bought 24,101 shares on behalf of the Company at an average price of NOK 7.86 and a total value of NOK 189,392. Since the initiation of this share buyback program a total of 2,905,233 shares at an average price of NOK 8.10 and a total value of NOK 23,518,435 have been acquired. The maximum consideration to be paid for shares acquired under this buyback program is NOK 15 per share and the maximum number of shares that can be purchased under this buyback program is 4,554,986 shares (5% of total outstanding shares). At present date, Otello owns 6,593,597 treasury shares in the Company (including those acquired under the previous buyback program). The shares are purchased in accordance with the authorization granted at the company's annual general meeting on 3 June 2024.