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