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Croatia's Hrvatski Telekom increases own shareholding to 0.47%

Author Maja Garaca
Croatia's Hrvatski Telekom increases own shareholding to 0.47% Author: Hrvatski Telekom. License: All rights reserved.

ZAGREB (Croatia), September 28 (SeeNews) - Croatia's biggest telecommunications operator, Hrvatski Telekom [ZSE:HT-R-A], held 385,012 of its own shares as of Friday, representing 0.471424% of the company's issued share capital, it said.

On September 26, Hrvatski Telekom (HT) acquired 16,270 own shares at 154.5390 kuna ($24.2/20.8 euro) apiece, while a day later it bought 800 shares at 154.50 kuna per share, the company said in a filing with the Zagreb Stock Exchange.

Prior to launching its share buyback programme on July 3, 2017, HT owned 2,966 of its shares. On March 28, HT withdrew 218,471 acquired shares without nominal value, without decreasing its share capital which totals 9.8 billion kuna.

Following the withdrawal, the total number of HT shares decreased to 81,670,064 from 81,888,535.

The telco aims to purchase up to 2.5 million of its own shares by April 20, 2021 under the share buyback programme. It plans to spend up to 500 million kuna to finance the share buyback.

HT serves 875,000 fixed lines, 2.24 million mobile subscribers, and 624,000 broadband connections.

(1 euro =7.43371 kuna)

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