Reference is made to the notice issued on 21 March 2022, where Otello
Corporation ASA launched an offer to all shareholders to buy back up to
10,000,000 shares, through a book building process.
The Company has today bought 10,000,000 shares in the Company at a price of NOK
27.5 per share. Otello was offered 12,249,288 shares at the clearing price and
thus allocated approximately 81.6% to shareholders which tendered at NOK 27.5
and below.
Pursuant to the transaction, Otello Corporation ASA owns 10,000,000 shares in
the Company.
Petter Lade, CFO
Phone: +47 91143878
E-mail: petterl@otellocorp.com