Hellenic Telecommunications Organization S.A. Finalizes €4.4 Million Share Buyback Segment in July 2026

Details of OTE's Five-Day Share Repurchase and Daily Pricing

OTE executed its share buyback over five consecutive trading days from 20 to 24 July 2026, purchasing 222,509 shares as part of the 2026 own share buy-back programme. The company provided daily volume and price data, showing fluctuations in both shares acquired and prices paid during this period. On 20 July 2026, the programme's opening day, OTE bought 57,224 shares at an average price of €19.56 per share, marking the lowest daily average price and accounting for about 25.7% of total shares repurchased during the programme.

Average execution prices varied between €19.56 and €19.77 per share over the five days. On 21 July, OTE acquired 30,592 shares at €19.76 each, while on 22 July, 18,026 shares were purchased at €19.77 per share, the highest daily average price recorded. The largest single-day purchase occurred on 23 July 2026, with 100,864 shares bought at an average price of €19.64, representing 45.3% of the week's total repurchase volume. The final tranche on 24 July consisted of 15,803 shares at an average price of €19.76 per share. Throughout the programme, intraday price ranges remained narrow, spanning from €19.40 to €20.00 per share.

Total Investment and Treasury Shareholding After Completion

OTE invested €4,373,509.96 in total during the five-day buyback, resulting in an average share price of €19.65543. This investment underscores the company's strategic capital allocation through share repurchases in 2026. The weighted average price paid was slightly below the initial day's average price and centered within the daily price range observed. This scale of investment reflects OTE's approach to capital structure management and enhancing shareholder value via treasury share accumulation.

After the buyback, OTE's treasury shares increased to 1,600,038, representing 0.406% of total outstanding shares. These treasury shares may be used for future corporate purposes such as employee share plans, acquisitions, or other shareholder value initiatives. The disclosed shareholding percentage offers investors transparency regarding OTE's capital structure and the extent of shares withdrawn from market circulation. Treasury shares do not possess voting rights or dividend entitlements until reissued or cancelled.

Compliance with EU Regulations and Transparency in Buyback Reporting

OTE announced the buyback completion in compliance with EU Regulation (EU) No 596/2014, known as the Market Abuse Regulation, and Commission Delegated Regulation (EU) 2016/1052, which governs share buyback programmes and stabilisation measures. These regulations require detailed disclosure of timing, volume, and pricing of repurchase transactions by listed companies.

OTE's granular disclosure, including daily share volumes, total investment, average prices, and intraday price ranges, demonstrates adherence to EU transparency obligations designed to maintain market integrity and ensure investors receive timely, consistent information on capital allocation decisions. The announcement was issued on 27 July 2026, three trading days after the buyback period ended, complying with regulatory timelines.

OTE's Position as Greece's Leading Telecommunications Provider

Hellenic Telecommunications Organization S.A. (OTE) is Greece's largest telecommunications operator and a key player in Eastern Europe's telecom sector. The company operates extensive fixed-line infrastructure and offers voice, data, broadband, and mobile services. Its subsidiary, Cosmote, serves Greece and markets across the Balkans and Eastern Europe. OTE generates revenue from residential, business, and wholesale customers accessing its network.

Listed on the Athens Exchange, OTE is a significant component of Greek equity markets and the broader European telecom industry. The buyback programme reflects management's confidence in OTE's financial position and fundamentals, enabling capital return to shareholders while supporting operational investments. This share repurchase complements dividend payments as part of OTE's capital management strategy. As a legacy incumbent, OTE remains a major provider of critical communications infrastructure in Greece and the region.

Context and Execution of the 2026 Share Buyback Programme

OTE identified the repurchase as part of its "Own Share Buy Back Programme for 2026," indicating the July buyback was one tranche within a wider annual programme. The company did not disclose the total size, target share quantity, or maximum authorised investment for the full-year programme, nor did it provide guidance on future tranches.

Share buyback programmes are typically shareholder-approved and may be executed in tranches or continuously depending on governance and market conditions. The July 2026 buyback was the first publicly disclosed tranche under the 2026 programme, with no confirmation on prior or forthcoming tranches.

Daily Purchase Volume Distribution and Concentration

The buyback showed uneven daily share acquisition volumes. The 23 July purchase of 100,864 shares constituted 45.3% of the week's total, indicating significant concentration on a single day, executed at an average price of €19.64 per share within the lower-to-middle daily price range. The second-largest tranche was on 20 July with 57,224 shares at €19.56, the lowest daily average price.

Smaller purchases occurred on 24 July (15,803 shares at €19.76) and 22 July (18,026 shares). This variation likely reflects OTE's strategy to balance volume targets with market conditions to optimize pricing and minimize market impact. Intraday price ranges remained contained, typically spanning €0.30 to €0.50, indicating stable market conditions.

Intraday Price Range and Market Stability During Buyback

Throughout the buyback, OTE shares traded within narrow intraday ranges, signaling orderly market dynamics. The highest price was €20.00 on 24 July, and the lowest €19.40 on 23 July, a €0.60 difference representing about 3.1% of the average share price, indicating limited volatility. Daily low-to-high spreads mostly ranged between €0.20 and €0.40, consistent with expectations for a major listed stock.

The stable trading environment contrasts with scenarios of greater volatility that can affect buyback pricing and execution quality. Average daily purchase prices closely aligned with daily midpoints, suggesting efficient execution. The company did not disclose use of algorithmic trading or broker assistance in the buyback.

Capital Allocation Strategy and Implications for Shareholders

OTE's 2026 share buyback reflects a deliberate capital allocation choice, balancing return of capital to shareholders with operational and investment needs. The €4.4 million invested in July could alternatively have been allocated to network expansion, dividends, or debt reduction. The buyback signals management's confidence in the share price valuation around the €19.66 average purchase price.

By reducing outstanding shares through treasury holdings of 1,600,038 shares, OTE may enhance earnings per share assuming stable or growing net income. However, the company has not disclosed intentions to cancel or indefinitely hold treasury shares. The buyback underscores active capital management and suggests the current share price is attractive relative to other capital uses. Long-term investors may view the repurchase positively if they consider the €19.56–€19.77 price range favorable.

Ongoing Disclosure and Investor Monitoring

OTE released this buyback disclosure on 27 July 2026, maintaining compliance with EU transparency rules for listed companies. Investors can expect further announcements as additional 2026 buyback tranches are executed. Each tranche triggers disclosure obligations detailing timing, volume, pricing, and total investment.

Investor inquiries can be directed to OTE's investor relations at [email protected]. Market participants should monitor for future buyback updates, which may provide insight into management’s valuation views and capital deployment plans throughout 2026. The July tranche completion does not rule out further buybacks later in the year, subject to market conditions and programme authorisation.