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Otello Corporation ASA Announces Share Buyback Program to Boost Shareholder Value

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Otello Corporation ASA Announces Share Buyback Program to Boost Shareholder Value

Otello Corporation ASA ( (GB:0FI5) ) has shared an update.

Otello Corporation ASA’s newly appointed Board of Directors is actively pursuing strategies to enhance shareholder value, with a key focus on continuing its share buyback program. The board will execute the buyback program on the Oslo Stock Exchange, adhering to regulatory guidelines, with transactions reported weekly, aiming to purchase up to 866,690 shares at a maximum price of NOK 15 per share through a third-party agreement.

More about Otello Corporation ASA

YTD Price Performance: -4.28%

Average Trading Volume: 33

Technical Sentiment Consensus Rating: Buy

Current Market Cap: NOK413.9M

Learn more about 0FI5 stock on TipRanks’ Stock Analysis page.

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