Otello Corporation ASA

Transaction in Own Shares • Jun 27, 2025

Otello Corporation share buyback program status

Otello Corporation share buyback program status

Reference is made to the stock exchange notice from 16 June 2025 announcing the initiation of the share buyback program for Otello Corporation ASA (the Company). From 23 June 2025 through 27 June 2025, Pareto Securities AS has bought 510,900 shares on behalf of the Company at an average price of NOK 11.96 and a total value of NOK 6,109,297. Since the initiation of this share buyback program a total of 1,011,500 shares at an average price of NOK 11.94 and a total value of NOK 12,077,474 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 5,047,130. At present date, Otello owns 4,163,320 treasury shares in the Company, including those purchased in the previous share buyback program. The shares are purchased in accordance with the authorization granted at the company's annual general meeting on 26 May 2025.