Reference is made to the stock exchange notice from 3 February 2025 announcing
the continuation of the share buyback program for Otello Corporation ASA (the
Company). From 17 February 2025 through 19 February 2025, Pareto Securities AS
has bought 216,790 shares on behalf of the Company at an average price of NOK
7.58 and a total value of NOK 1,642,700. Since the initiation of this
continuation of the share buyback program a total of 866,690 shares at an
average price of NOK 7.59 and a total value of NOK 6,576,548 have been acquired.
The maximum consideration to be paid for shares acquired under this buyback
program is NOK 15 per share and the maximum number of shares that can be
purchased under this continuation of the buyback program is 866,690 shares
(being the maximum remaining number of outstanding shares that can be purchased
under the existing authorization). At present date, Otello owns 9,109,950
treasury shares in the Company (including those acquired under the previous
buyback program). The shares are purchased in accordance with the authorization
granted at the company's annual general meeting on 3 June 2024.
The Company has now purchased the maximum number of shares it has been
authorized to purchase. This buyback program is accordingly complete.