Croatia's biggest telecommunications operator Hrvatski Telekom said it is starting a new share buyback programme, aiming to repurchase up to 3mn of its own shares by 2026.
The company will invest up to HRK600mn (€79.4mn) in the share buyback.
The goal of the programme is withdrawal of shares that have no nominal value without reducing the share capital. The company will also offer a small part of the repurchased shares to its employees.
The shares will be acquired by Hrvatski Telekom at a price of up to 10% higher or 10% lower than the average market price on the day prior to each transaction.
Hrvatski Telekom’s previous share buyback programme ended on April 20.
Related Articles
Turkmen dissident bloggers released from Turkish detention centres go missing, HRW fears secret expulsions to homeland
Two Turkmen dissident bloggers have been missing since July 24, when they were reportedly released from ... more
Renewables could power 80% of data centres, Goldman Sachs says
Renewables can supply the vast majority of power required for the growing demand of energy needed to operate data centres, research by Goldman Sachs published on January 23 revealed. Power demand ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
23 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago