Croatian telco HT boosts own shareholding via buyback

On December 14, HT acquired 457 shares at 165.9661 kuna ($26.0/22.0 euro) apiece. A day later it bought a further 793 shares at 166.1686 kuna apiece, the company said in a filing with the Zagreb Stock Exchange.

Prior to launching the share buyback programme, HT owned 2,966 treasury shares.

HT's share capital of 9.8 billion kuna is divided into 81,888,535 shares without nominal value.

On June 28, the telco said it will launch a share buyback programme on July 3, targeting to purchase up to 2,500,000 of its own shares by April 20, 2021. Hrvatski Telekom will spend up to 500 million kuna under the programme.

Hrvatski Telekom serves 1.0 million fixed lines, 2.2 million mobile subscribers, and 763,000 broadband connections.

(1 euro=7.54553 kuna)