Street Calls of the Week
ATHENS - Hellenic Telecommunications Organization S.A. (OTE) purchased 40,800 of its own shares between August 12-14, 2025, as part of its 2025 Share Buy Back Programme, the company announced Monday.
The Greek telecommunications provider spent a total of €653,872.97 on the repurchases, at an average price of €16.03 per share. The bulk of the buyback occurred on August 14, when the company acquired 35,000 shares at an average price of €16.01.
According to the statement, OTE paid between €15.92 and €16.19 per share across the three-day period. The company now holds 3,607,569 of its own shares, representing 0.893% of its total outstanding shares.
The announcement was made in compliance with European Union regulations governing market transparency and share repurchase programs, specifically Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
Share buybacks are typically implemented by companies to return capital to shareholders, support share prices, or optimize capital structure. The company did not specify the strategic rationale behind the current repurchase program in its press release statement.
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