Figma Shares Indicated To Open $105/$110
ATHENS - Hellenic Telecommunications Organization S.A. (OTE), the Greek telecom giant, has completed a significant purchase of its own shares, acquiring a total of 300,954 shares between Monday and Friday, as part of its 2025 Share Buyback Program. The company reported that the transactions occurred at an average price of €16.82499 per share, with the total amount spent reaching €5,063,549.44.
The buyback took place over five consecutive trading days, with the highest number of shares purchased on Wednesday, totaling 79,000 shares at an average price of €16.70150. The lowest price paid during the week was €16.58 per share, and the highest was €17.00.
As a result of this buyback, OTE now holds 9,566,385 of its own shares, equivalent to 2.318% of its total outstanding shares. The move is in accordance with the relevant EU regulations, namely Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, which govern market abuse and the conditions for buyback programs and stabilization measures.
The company has made this information public in line with its transparency obligations and has provided contact details for its investor relations office for further inquiries. However, the specific motives behind the share repurchase and the implications for the company’s capital structure or market position have not been disclosed.
This share buyback activity reflects a common corporate strategy where companies buy back their own shares from the marketplace with the intention of reducing the number of outstanding shares. This can potentially increase the value of remaining shares and provide support for the share price.
The information regarding OTE’s share buyback is based on a press release statement from the company.
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