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Croatia's Hrvatski Telekom buys back 949 own shares

Author Annie Tsoneva
Croatia's Hrvatski Telekom buys back 949 own shares Hrvatski Telekom

ZAGREB (Croatia), November 12 (SeeNews) - Croatia's Hrvatski Telekom [ZSE:HT-R-A] said on Friday it is holding 297,378 of its own shares, representing 0.371502% of the company's issued equity capital, after it bought back a total of 372 shares on November 10 and 11.

Hrvatski Telekom bought back 550 shares at a weighted average price of 186 kuna ($28.4/24.8 euro) apiece on Wednesday, it said in a filing with the Zagreb Stock Exchange (ZSE).

On Thursday, it bought repurchased a further 399 shares at the same price.

The company 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 Since the beginning of the year HT has withdrawn 718,720 own shares without reducing its share capital.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 185.5 kuna on Friday, down 0.27% from Thursday's closing price.

(1 euro = 7.512 Croatian kuna)

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