Oslo, 3 January 2025: Otovo ASA ("Otovo" or the "Company") initiated a share
buyback on 20 December 2024 to repurchase up to 250,000 of the Company's common
shares in open market transactions on the OSE to fulfill stock based
compensation obligations. The repurchase would be conducted in the period from
20 December 2024 until 31 January 2025.
The buyback has now been completed and the Company has in total purchased 250,00
shares at an average price of NOK 0.927.
An overview of all the transactions made under the Company's buyback agreement
with Arctic Securities is attached.
Following the completion of the above transactions, Otovo ASA owns a total of
490,080 own shares in the Company corresponding to 0.18% of the outstanding
shares..
For further information, please contact Petter Ulset, CFO
(petterul@otovo.com)
This disclosure is subject to the disclosure requirements pursuant to section
5-12 of the securities trading act and article 5 of the EU Market Abuse
Regulation.
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About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the
roof, and batteries in the home. Otovo is a marketplace that organises hundreds
of local, high quality and qualified energy installers. The company uses its
proprietary technology to analyse the potential of any home and finds the best
price and installer for customers based on an automatic bidding process between
available installers.
Follow us on investor.otovo.com for reports, financial calendar, contact
details, and more.