The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Buyback of own shares

17 Mar 2014 08:05

RNS Number : 4386C
Hellenic Telecomms Organization S A
17 March 2014
 



ANNOUNCEMENT

 

 

BUYBACK OF OWN SHARES

 

Athens, March 17, 2014 - The Hellenic Telecommunications Organization SA (OTE SA or Company), announces the intention to buyback own shares during the period from 14.03.2014 to 14.11.2014 within the framework of fulfillment of its obligations derived from the Stock Option Plan for executives of the Company and its subsidiaries in Greece and abroad.

 

More specifically, and according to the resolutions of the competent corporate bodies, OTE SA intends to purchase up to 3.735.275 shares, namely about 0.76% of the paid-up share capital of the Company, at a maximum purchase price of €30 per share and a minimum purchase price of €2 per share.

 

The Company currently holds 5,714,110 own shares, namely 1.17% of the paid-up share capital.

 

The purchases will be made in accordance with the terms of Regulation 2273/2003 of the Commission of the European Communities and the Decision 5/347/12.07.2005 of the Hellenic Capital Market Commission.

 

 

About OTE

 

OTE Group is Greece's leading telecommunications organization and one of the pre-eminent players in Southeastern Europe, providing top-quality products and services to its customers.

Consisting of the parent company OTE S.A. and its subsidiaries, the Group offers fixed-line (voice, broadband, data and leased lines) TV and mobile telephony services in Greece and Romania, as well as mobile telephony services in Albania. The Group is also involved in a range of activities in Greece, notably in real-estate and professional training.

 

OTE is listed on the Athens Stock Exchange and the London Stock Exchange. Following OTE's delisting from the NYSE, OTE's ADSs (American Depositary Shares) trade in the OTC (Over the Counter) market under the ticker HLTOY through the Level I ADSs program.

 

Additional Information is also available on https://www.ote.gr.

 

Contacts:

Dimitris Tzelepis - Head of Investor Relations

Tel: +30 210 611 1574, Email: dtzelepis@ote.gr

Maria Kountouri - Assistant to the Head of Investor Relations

Tel: +30 210 611 5381, Email: mkountouri@ote.gr

Kostas Maselis - Senior Financial Analyst, Investor Relations

Tel: + 30 210 611 7593, Email: kmaselis@ote.gr 

Sofia Ziavra - Financial Analyst, Investor Relations

Tel: + 30 210 611 8190, Email: sziavra@ote.gr

Daria Kozanoglou - Senior Communications & Regulatory Affairs Officer,

Investor Relations

Tel: +30 210 611 1121, Email: nkozanoglou@ote.gr

Eleni Agoglossaki - Communications & Regulatory Affairs Officer, Investor Relations

Tel: +30 210 611 7880, Email: eagoglossak@ote.gr

Manousos Apostolakis - Communications & Regulatory Affairs Officer, Investor Relations

Tel: +30 210 611 6418, Email: mapostolakis@ote.gr

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
POSEAPDXFEDLEEF

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.