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Hrvatski Telekom buys back 11,300 own shares

Author Annie Tsoneva
Hrvatski Telekom buys back 11,300 own shares Hrvatski Telekom

ZAGREB (Croatia), October 15 (SeeNews) - Croatia's Hrvatski Telekom [ZSE:HT-R-A] said on Friday it holds 282,591 of its own shares, representing 0.353029% of the company's issued equity capital, after repurchasing 11,300 shares on October 13 and 14.

On Wednesday, Hrvatski Telekom bought 11,000 shares at a weighted average price of 185.1136 ($28.6/24.7 euro) apiece, it said in a filing with the Zagreb Stock Exchange (ZSE).

On Thursday it bought 300 shares at a weighted average price of 185 kuna apiece.

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 Since the beginning of the year HT has withdrawn 718,720 own shares without reducing its share capital.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 Friday on the Zagreb bourse, down 0.27% compared to Thursday's closing price.

(1 euro = 7.506 Croatian kuna)

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