Reference is made to the stock exchange notice from20 June 2023 announcing a share buyback program forOtello Corporation ASA (the Company). From6 May 2024 through10 May 2024 ,Pareto Securities AS has bought 40,727 shares on behalf of the Company at an average price ofNOK 7.75 and a total value ofNOK 315,739 . Since the initiation of the share buyback program a total of 3,555,960 shares at an average price ofNOK 8.52 and a total value ofNOK 30,285,996 have been acquired. The maximum consideration to be paid for shares acquired under the buyback program isNOK 15 per share and the maximum number of shares that can be purchased is 4,554,986 shares (5% of total outstanding shares). At present date, Otello owns 3,555,960 treasury shares in the Company. The shares are purchased in accordance with the authorization granted at the company's annual general meeting on1 June 2023 .
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