5 Mar 2021 10:11
Announcement of Regulated Information-
Own Share Buyback Programme
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Athens, March 4, 2021-Hellenic Telecommunications Organization S.A. ("OTE" or the "Company"), in the context of Share Buyback Program implementation for 2021, announces that:
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The Company intends to purchase up to 30,000,000 own shares, during the period 05-Mar-2021 to 28-Jan-2022 at a price range between €1 (minimum) and €30 (maximum) per share. The amount for the share buyback during this period is estimated to reach approximately €167 million including expenses. The final amount and the number of shares that will be purchased depends on the share price and liquidity during this period.
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Morgan Stanley Europe SE will lead-manage, at its own discretion, the Share Buy Back Program.
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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.
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It is noted that currently the Company holds 1,421,976 own shares.
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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).
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FOR FURTHER INFORMATION:
OTE GROUP INVESTOR RELATIONS Eleni Boua Department of Financial Communication & Relations with Regulatory Authorities Τel. + 30 210-6117364 Fax: + 30 210-6111030 E-mail: iroffice@ote.gr |  |
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