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ATHENS - Hellenic Telecommunications Organization S.A. (OTE) purchased 314,820 of its own shares during the week of August 25-29 as part of its 2025 share buyback program, according to a company statement released Monday.
The Greek telecommunications provider spent €5,081,036.26 on the repurchases, at an average price of €16.14 per share. The daily purchases ranged from 42,300 shares on August 25 to 73,520 shares on August 26, with share prices fluctuating between €16.00 and €16.34 throughout the week.
Following these transactions, OTE now holds 4,010,989 of its own shares, representing 0.993% of its total outstanding shares.
The company noted in its press release that the announcement complies with European Union regulations, specifically Regulation No 596/2014 of the European Parliament and Council of April 16, 2014, and the Commission Delegated Regulation 2016/1052 of March 8, 2016.
Share buyback programs are typically implemented by companies to return value to shareholders, manage share price, or optimize capital structure.
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