ZAGREB (Croatia), October 13 (SeeNews) - Hrvatski Telekom buys back 4,700 own shares Croatia's Hrvatski Telekom [ZSE:HT-R-A] said on Wednesday it holds 271,291 of its own shares, representing 0.338912% of the company's issued equity capital, after repurchasing 4,700 shares on October 11 and 12.
On Monday, Hrvatski Telekom bought 4,000 shares at a weighted average price of 189.4188 ($29.1/25.2 euro) apiece, it said in a filing with the Zagreb Stock Exchange (ZSE).
On Tuesday it bought 700 shares at a weighted average price of 187.50 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 Since the beginning of the year HT has withdrawn 718,720 own shares without reducing its share capital.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 186 kuna intraday on Wednesday on the Zagreb bourse, down 0.80% compared to Tuesday's closing price.
(1 euro = 7.518 Croatian kuna)
Hrvatski Telekom d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies