Last checked at 3 Apr 2018 16:04
Announcement of Regulated Information-
Buyback Intention
Athens, April 3, 2018 - Hellenic Telecommunications Organization S.A. ("OTE" or the "Company") following its previous announcements pertinent to the Own Share Buy Back Programme, announces its intention to purchase up to 30,000,000 own shares, during the period from 4/4/2018 to 31/1/2019 at a price range between €1 (minimum purchase price) and €30 (maximum purchase price) per share. The maximum amount, expected to be used for the share buyback, during this period, amounts to €95 million including expenses. The final amount and the number of shares that will be purchased depend upon the share price and trading volumes during this period.
The Company engaged Morgan Stanley & Co International Plc to manage, at its own discretion, the Own Share Buy Back Programme during the aforementioned period.
Own shares will be purchased exclusively for cancellation following a Shareholders' General Meeting resolution and under the terms of the legal and regulatory framework in force.
Τhe Company currently holds 1,343,110 own shares, representing approximately 0.27% of its paid up share capital.
The announcement is issued in accordance with (EE) Regulation No 596/2014 of the European Parliament and of the Council dated 16/4/2014, the (EE) Commission Delegated Regulation 2016/1052 dated 8/3/2016 and the Athens Exchange Rulebook (paragraph 4.1.3.14).
FOR FURTHER INFORMATION:
OTE GROUP INVESTOR RELATIONS Konstantinos Krokos Manager/ Department of Financial Communication & Relations with Regulatory Authorities Τel. + 30 210-6111121 Fax: + 30 210-6111030 E-mail: iroffice@ote.gr |