Otello Continues Share Buyback, Lifts Treasury Stock to Nearly 6 Million Shares

Otello Corporation ASA ( (GB:0FI5) ) has issued an update. Otello Corporation ASA has continued its share buyback program, with Pareto Securities AS purchasing 61,500 shares between 31 August and 4 September 2026 at an average price of NOK 17.87. Since the program began, the company has acquired 782,582 shares at an average price of NOK 17.26, remaining within a maximum price limit of NOK 20 and an overall cap of 2,192,046 shares. Following these transactions, Otello now holds 5,969,586 treasury shares, including those obtained in earlier buyback initiatives. The purchases are conducted under a mandate granted at the 3 June 2026 annual general meeting, underscoring the company's ongoing use of buybacks as a capital allocation tool and signaling continued attention to shareholder value and balance sheet flexibility.