Figma Shares Indicated To Open $105/$110
ATHENS - Hellenic Telecommunications Organization S.A (OTE) has concluded a share repurchase, acquiring 162,011 of its own shares between June 2 and June 6, 2025. The buyback is part of the company’s planned Own Share Buy Back Programme for the year 2025.
The shares were bought back at an average price of €17.38702, with the total expense amounting to €2,816,888.51. The transaction details reveal that the highest price paid per share was €17.70 and the lowest was €16.91.
Following this transaction, OTE now holds a total of 9,812,260 own shares, representing 2.378% of its total outstanding shares. This move is in line with the regulatory framework set by the European Union, specifically Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052.
The share repurchase was carried out over a period of five trading days, with the largest single-day purchase occurring on Monday, when OTE bought 50,297 shares at an expense of €881,796.56. The smallest batch was acquired on Wednesday, with 3,253 shares costing €57,392.33.
OTE’s strategic decision to buy back shares is a common practice among publicly traded companies, allowing them to return value to shareholders and potentially improve financial ratios. However, the company has not disclosed specific reasons for the buyback or its intentions regarding the acquired shares.
Investors and stakeholders can obtain further information by contacting OTE Group’s investor relations. This news is based on a press release statement provided by the company and is presented without endorsement of the company’s claims.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.