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Croatia's Hrvatski Telekom buys back 7,599 own shares

Author Annie Tsoneva
Croatia's Hrvatski Telekom buys back 7,599 own shares Hrvatski Telekom

ZAGREB (Croatia), December 2 (SeeNews) - Croatia's Hrvatski Telekom [ZSE:HT-R-A] said on Thursday it is holding 315,301 of its own shares, representing 0.393892 % of the company's issued equity capital, after it bought back a total of 7,599 shares on November 30 and December 1.

Hrvatski Telekom bought back 6,800 shares at a weighted average price of 183.5382 kuna ($27.6/24.4 euro) apiece on Tuesday, it said in a filing with the Zagreb Stock Exchange (ZSE). On Wednesday, it repurchased a further 799 shares for 183 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Since the beginning of the year Hrvatski Telekom has withdrawn 718,720 own shares without reducing its share capital.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 traded at 182.50 kuna intraday on Thursday, down 0.27% from Wednesday's closing price.

(1 euro = 7.519 Croatian kuna)

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