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Hrvatski Telekom buys back 1,080 own shares

Author Annie Tsoneva
Hrvatski Telekom buys back 1,080 own shares Hrvatski Telekom

ZAGREB (Croatia), October 18 (SeeNews) - Hrvatski Telekom buys back 1,080 own shares Croatia's Hrvatski Telekom [ZSE:HT-R-A] said on Monday it holds 283,671 of its own shares, representing 0.3543% of the company's issued equity capital, after repurchasing 1,080 shares on October 15.

On Friday, Hrvatski Telekom bought the shares at a weighted average price of 185 kuna ($28.6/24.6 euro) apiece, it said in a filing with the Zagreb Stock Exchange (ZSE).

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 telco also said 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 Since the beginning of the year HT has withdrawn 718,720 own shares without reducing its share capital.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.

HT's shares traded at 184.50 kuna intraday on Monday on the Zagreb bourse, down 0.27% compared to Friday's closing price.

(1 euro = 7.505 Croatian kuna)

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