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Otello Corporation ASA ( (GB:0FI5) ) has issued an update.
Otello Corporation ASA has continued its previously announced share buyback program, with Pareto Securities AS acquiring 145,513 shares on the company’s behalf between 9 and 13 February 2026 at an average price of NOK 18.18, for a total outlay of NOK 2,645,880. The program allows purchases of up to 3,689,541 shares at a maximum price of NOK 20 per share, and following these latest transactions, Otello now holds 3,835,054 treasury shares, underscoring an active capital return strategy under the mandate granted at its September 2025 annual general meeting.
The continued buyback activity signals management’s confidence in the company’s valuation and offers potential value accretion for remaining shareholders, while also providing Otello with increased flexibility for future corporate actions or balance sheet optimization. The scale of the authorized program relative to the initial purchases suggests that further transactions may follow, which could gradually tighten the company’s free float and influence trading liquidity over time.
More about Otello Corporation ASA
Otello Corporation ASA is a Norway-based technology company, historically rooted in internet and mobile software, that focuses on digital services and related technology solutions. The company is listed on the stock exchange and actively manages its capital structure through share repurchase programs and the holding of treasury shares.
Average Trading Volume: 205,694
Current Market Cap: NOK1.33B
See more insights into 0FI5 stock on TipRanks’ Stock Analysis page.