Otello Corporation ASA (GB:0FI5) has released an update.
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Otello Corporation ASA is actively engaging in a share buyback program, recently acquiring 216,900 shares at an average price of NOK 7.77, amounting to a total of NOK 1,686,361. Since the program’s inception, Otello has bought a total of 3,336,283 shares, with the current buyback ceiling set at NOK 15 per share for up to 4,554,986 shares. This strategic move aims to optimize Otello’s capital structure and enhance shareholder value.
For further insights into GB:0FI5 stock, check out TipRanks’ Stock Analysis page.
