German construction sector still in recession, civil engineering only bright spot
ATHENS - Hellenic Telecommunications Organization S.A. (OTE) purchased 409,748 of its own shares last week as part of its 2025 share buyback program, according to a company statement released Monday.
The Greek telecommunications provider spent approximately €6.64 million on the repurchases, conducted between September 29 and October 3, at an average price of €16.20 per share.
Daily transactions ranged from 76,673 to 86,237 shares, with purchase prices fluctuating between €15.97 and €16.43 throughout the week.
The company disclosed that following these transactions, it now holds 5,133,409 of its own shares, representing 1.271% of its total outstanding shares.
OTE stated that the announcement was made in compliance with European Union regulations, specifically Regulation No 596/2014 of the European Parliament and the Commission Delegated Regulation 2016/1052.
The company did not provide details on the purpose of the buyback program or its total authorized size.
Share repurchase programs are commonly used by publicly traded companies to return capital to shareholders, potentially increase earnings per share, or provide shares for employee compensation plans.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.