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Croatia's Hrvatski Telekom buys back 10,000 own shares

Author Annie Tsoneva
Croatia's Hrvatski Telekom buys back 10,000 own shares Hrvatski Telekom

ZAGREB (Croatia), January 24 (SeeNews) - Croatia's Hrvatski Telekom [ZSE:HT-R-A] said on Monday is holding 362,654 of its own shares, representing 0.453048% of the company's issued equity capital, after it bought back a total of 10,000 shares in transactions concluded on January 21.

Hrvatski Telekom bought back the shares at a weighted average price of 185.5 kuna ($27.8/24.6 euro) apiece on Friday, it said in a filing with the Zagreb Stock Exchange (ZSE).

Hrvatski Telekom said in April it plans to buy back up to 3 million of its own shares by 2026 under a programme that aims to withdraw shares that have no nominal value without reducing the share capital.

The company also said back then it will offer some of the repurchased shares to its employees. Since the beginning of the year Hrvatski Telekom has withdrawn 718,720 own shares without reducing its share capital. Thus, it has cut the overall number of outstanding shares from 80,766,229 to 80,047,509.

The telco's shares traded unchanged at 184 kuna intraday on Monday on the ZSE, down up 0.54%.

(1 euro = 7.529 Croatian kuna)

Hrvatski Telekom d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies
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