November 29 (SeeNews) - Croatia's biggest telecommunications operator, Hrvatski Telekom[ZSE:HT-R-A], held 436,414 of its own shares as of November 28, representing 0.534362% of the company's issued share capital, it said.
On November 26, Hrvatski Telekom (HT) acquired 865 own shares at 154.2318 kuna ($23.7/20.8 euro) apiece, while a day later it bought back 1,046 shares at 154.5 kuna, the company said in a filing with the Zagreb Stock Exchange on Wednesday.
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 = 7.41428 kuna)
Hrvatski Telekom d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies