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ATHENS - Hellenic Telecommunications Organization S.A. (OTE), the Greek telecom giant, concluded a share buyback initiative during the period from Monday to Sunday last week. As part of its 2025 Own Share Buy Back Programme, OTE repurchased a total of 250,687 of its own shares.
The buyback transactions were executed over five separate trading days, with prices per share ranging from €14.64 to €15.31. The average price paid by OTE for the shares was €15.07814. The total expenditure for the week amounted to €3,779,893.26.
OTE’s buyback began with the acquisition of 46,747 shares on Monday and concluded on Sunday with 55,400 shares, marking the highest single-day purchase of the week. The shares were bought back at varying prices, reflecting the dynamic conditions of the stock market.
Following the completion of this buyback phase, OTE now holds 7,425,438 of its own shares, representing 1.799% of the 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 company’s decision to repurchase shares is a common strategic move that can potentially benefit shareholders by reducing the number of shares in circulation, which may lead to an increase in the value of remaining shares.
The announcement was made in accordance with the relevant EU regulations and disseminated through RNS, the news service of the London Stock Exchange (LON:LSEG). This information is based on a press release statement issued by the OTE Group.
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