OTE buys back 262,106 shares for €5.2 million

Hellenic Telecommunications Organization S.A., commonly known as OTE, made a strategic move to boost its share value by repurchasing 262,106 of its own shares from August 11 to August 14, 2023. The total expenditure amounted to €5,169,066.67, with the average price per share being €19.72. This was a fraction of the company's broader 2026 share buyback program.

The purchases were spread evenly across the four-day period, with prices fluctuating between €19.55 and €19.90. The bulk of the transactions took place on the first day, August 11, when OTE acquired 93,006 shares at an average price of €19.68, totaling €1,830,085.34. On August 12, the company followed up by buying 86,600 shares for €1,709,095.78. The purchases on the subsequent days were smaller, with 60,000 shares on August 13 and 22,500 shares on August 14.

After these transactions, OTE currently owns 2,289,605 of its shares, which translates to a 0.581% stake in the total outstanding shares. This information was published in compliance with Regulation (EU) No 596/2014 of the European Parliament and of the Council and Commission Delegated Regulation (EU) 2016/1052. The report was AI-generated with editorial oversight.