November 23 (SeeNews) - Croatia's biggest telecommunications operator, Hrvatski Telekom [ZSE:HT-R-A], held 433,381 of its own shares as of Friday, representing 0.530649% of the company's issued share capital, it said.
On November 21, Hrvatski Telekom (HT) acquired 425 own shares at 153.5459 kuna ($23.5/20.7 euro) apiece, while a day later it bought back 1,108 shares at 154.5 kuna, 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 = 7.43251 kuna)
Hrvatski Telekom d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies