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ATHENS - Hellenic Telecommunications Organization S.A. (OTE) purchased 322,214 of its own shares last week as part of its 2025 share buyback program, according to a company press release issued Monday.
The Greek telecommunications company spent €5,324,884.23 on the repurchases conducted between September 22-26, at an average price of €16.53 per share. The daily purchases ranged from 41,614 shares on Monday to 81,252 shares on Friday, with purchase prices varying between €16.22 and €16.87 throughout the week.
Following these transactions, OTE now holds 4,723,661 of its own shares, representing 1.17% of its total outstanding shares.
The company stated that the announcement was made in compliance with European market regulations, specifically Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
Share buybacks typically allow companies to return value to shareholders, potentially support share prices, and reduce the number of outstanding shares in the market.
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