ZAGREB (Croatia), September 15 (SeeNews) - Croatia's Hrvatski Telekom [ZSE:HT-R-A]) said on Wedensday it is holding 196,650 of its own shares representing 0.245667% of the company's capital, after repurchasing 1,171 shares on September 13 and 14.
On Monday, Hrvatski Telekom bought back 721 shares at a weighted average price of 190.5 kuna ($30.1/25.5 euro) apiece, it said in a filing with the Zagreb Stock Exchange (ZSE). On Tuesday, it bought further 450 shares at the same price, it added.
HT's share capital of 10.24 billion kuna is divided into 80,047,509 shares with no par value.
Hrvatski Telekom 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Since the beginning of the year HT has withdrawn 718,720 own shares without reducing its share capital. This way, it has cut the overall number of outstanding shares from 80,766,229 to 80,047,509. The cut was registered with the commercial court in Zagreb on July 30.
The company's shares traded at 190 kuna intraday on Wednesday on the Zagreb bourse, flat compared to their closing price on Tuesday.