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Croatia's Hrvatski Telekom buys back 428 own shares

Author Annie Tsoneva
Croatia's Hrvatski Telekom buys back 428 own shares Hrvatski Telekom

ZAGREB (Croatia), November 22 (SeeNews) - Croatia's Hrvatski Telekom [ZSE:HT-R-A] said on Monday it is holding 303,592 of its own shares, representing 0.379265 % of the company's issued equity capital, after it bought back a total of 428 shares on November 17 and 19.

Hrvatski Telekom bought back 18 shares at a weighted average price of 185 kuna ($27.7/24.6 euro) apiece on Wednesday, it said in a filing with the Zagreb Stock Exchange (ZSE).

On Friday, it repurchased a further 410 shares at a price of 184.50 kuna apiece.

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Since the beginning of the year Hrvatski Telekom has withdrawn 718,720 own shares without reducing its share capital.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 closed at 184.50 kuna on Monday, down 0.27% from Friday's closing price.

(1 euro = 7.518 Croatian kuna)

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