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ATHENS - Hellenic Telecommunications Organization S.A (OTE), the Greek telecom giant, has concluded a share buyback program for the week of May 12 to May 16, 2025. The company repurchased a total of 202,338 of its own shares as part of its 2025 Own Share Buy Back Programme.
The share buyback took place over five consecutive trading days, with the total amount spent on the repurchase reaching €3,439,461.72. The average price paid per share was €16.99860, with the lowest and highest prices ranging from €16.81 to €17.25.
On the final day of the buyback, Friday, the company acquired 74,161 shares at an average price of €16.88240 per share, marking the highest single-day volume of shares purchased during the week.
Following the completion of this buyback phase, OTE now holds 9,231,831 of its own shares, representing 2.237% of its total outstanding shares. The buyback initiative is in line with the regulations set forth by the European Parliament and Council (Regulation (EU) No 596/2014) and the Commission Delegated Regulation (EU) 2016/1052.
The company has communicated this development through an official announcement, ensuring transparency and adherence to the regulatory frameworks governing such financial activities within the European Union.
This strategic move by OTE reflects a common practice among publicly traded companies to repurchase their own shares in the open market. Such transactions can potentially signal confidence in the company’s value or be used to return value to shareholders.
The information disclosed in this article is based on a press release statement from Hellenic Telecommunications Organization S.A.
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