Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), The Hellenic Telecommunications Organization S.A. ("OTE") has been informed that the Hellenic Republic announced the successful completion of the sale of common shares of the Hellenic Telecommunications Organization S.A. ("OTE") via an accelerated book build to international and Greek qualified investors via a private placement.
52,446,092 shares representing 10.7% of OTE's share capital were placed within 75 minutes (with book closing at 11:15am Athens time) at Euro 21.40 per share, a 0% discount to the prior day's closing price.
All the shares offered are existing shares listed on the Athens Exchange and currently held by the Hellenic Republic.
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, JAPAN OR AUSTRALIA.