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Hrvatski Telekom buys back 3,101 own shares

Author Annie Tsoneva
Hrvatski Telekom buys back 3,101 own shares Hrvatski Telekom

ZAGREB (Croatia), October 21 (SeeNews) - Croatia's Hrvatski Telekom [ZSE:HT-R-A] is holding 286,772 of its own shares, representing 0.35825% of the company's issued equity capital, after repurchasing 3,101 shares on October 18 and 19, the company said.

On Monday, Hrvatski Telekom bought 1,938 shares at a weighted average price of 185 kuna ($28.7/24.6 euro) apiece, it said in a filing with the Zagreb Stock Exchange (ZSE) on Wednesday.

On Tuesday, the telco bought 1,163 shares at a weighted average price of 184.7850 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 company also said back then 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Since the beginning of the year HT has withdrawn 718,720 own shares without reducing its share capital.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 183.50 kuna intraday on Thursday on the Zagreb bourse, down 0.27% compared to Wednesday's closing price.

(1 euro = 7.510 Croatian kuna)

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