{
  "id": 1442479,
  "title": "OTE buys back 262,106 shares for €5.2 million",
  "url": "https://urgent.news/2026/08/17/ote-buys-back-262-106-shares-for-5-2-million",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T07:22:40.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/ote-buys-back-262106-shares-for-52-million-93CH-4862248"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.\n\nAfter 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.",
  "summary": null,
  "key_points": [
    "OTE repurchased 262,106 shares from August 11 to August 14, 2023.",
    "Total cost of buyback was €5.2 million with average price €19.72 per share.",
    "OTE now holds 0.581% of total outstanding shares post-buyback."
  ],
  "editors_take": "OTE's recent share buyback, part of its broader 2026 program, indicates a strategic effort to boost its share value and demonstrates management's confidence in the company's prospects.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}