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Sep 14, 2023 17:54 EEST
September 14 (SeeNews) - Croatia's Hrvatski Telekom [ZSE:HT] said on Thursday it holds 640,701 of its own shares representing 0.813322% of the company's issued equity capital, following the repurchase of 268,657 shares in an accelerated book building process.
On Thursday, investment company Intercapital, which was the coordinator and book building agent in the share repurchase process, bought the shares in the name and on behalf of the issuer at an average weighted price of 26.90 euro ($28.67) apiece on the regulated market of the Zagreb Stock Exchange (ZSE), Hrvatski Telekom said in a bourse filing.
Subject of the accelerated book building process were up to 300,000 shares with an indicative price range between 25.50 euro and 27.30 euro, Intercapital announced on Tuesday.
The telco said in April 2021 that it plans to buy back up to 3 million of its own shares by 2026 under a programme that aims to withdraw stocks that have no nominal value without reducing the share capital. It also said back then it will offer some of the repurchased shares to its employees.
Hrvatski Telekom's shares traded 3.07% higher at 26.90 euro on Thursday on the ZSE.
($ = 0.938 euro)
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