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Otello Corporation ASA ( (GB:0FI5) ) has shared an update.
Otello Corporation ASA has been actively engaging in a share buyback program, purchasing a total of 2,729,720 shares at an average price of NOK 9.36, with a total expenditure of NOK 25,549,082. This strategic move, executed through Pareto Securities AS, reflects the company’s efforts to optimize its capital structure and potentially enhance shareholder value, with a maximum purchase limit set at NOK 15 per share for up to 3,688,364 shares.
More about Otello Corporation ASA
Average Trading Volume: 441,487
Current Market Cap: NOK922.4M
See more insights into 0FI5 stock on TipRanks’ Stock Analysis page.