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Croatia's Hrvatski Telekom's hikes capital

Croatia's Hrvatski Telekom's hikes capital Author: Hrvatski Telekom. License: All rights reserved.

ZAGREB (Croatia), July 11 (SeeNews) - Croatia's Central Depository & Clearing Company (CDCC) said on Thursday it has registered the increase of the share capital of Hrvatski Telekom [ZSE:HT] to 10.2 billion kuna ($1.6 billion/1.4 billion euro) from 9.8 billion kuna.

Hrvatski Telekom's share capital is divided into 81,670,064 stocks with no par value, CDCC said in a filing to the Zagreb Stock Exchange (ZSE).

The decision to increase capital without issuance of new shares, by proportionate increase of participation of all issued shares in the company’s share capital, was made at Hrvatski Telekom's general shareholders meeting held on May 6.

The sum of 422.1 million kuna remaining after distribution of dividend in the amount of 568.5 million kuna from the company's 2018 net profit of 990.7 million kuna was used to increase the share capital, according to the shareholders' decision. 

Hrvatski Telekom's shares traded at 158.5 kuna as at 12:35 CET on Thursday on the ZSE, up 0.96%. 

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

(1 euro = 7.39390 kuna)

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