Otello Corporation ASA’s Active Share Buyback Strategy

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

Otello Corporation ASA has been actively engaging in a share buyback program, acquiring a total of 3,739,663 shares at an average price of NOK 8.01. The recent batch of 117,180 shares was purchased at an average price of NOK 7.49, adding to their existing treasury shares. This strategic move is part of the company’s broader efforts to consolidate shares under the authorization granted during the annual general meeting.

For further insights into GB:0FI5 stock, check out TipRanks’ Stock Analysis page.