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
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
Tajikistan jails editor-in-chief of independent publication for 10 years on “trumped-up” charges
The editor-in-chief of Paik, the only independent publication in Tajikistan’s southwestern Khatlon region, has been sentenced to 10 years in prison, Radio Ozodi ... more
Most Read
-
Kremlin demands sanctions relief in temporary Ukraine conflict ceasefire deal
1 month ago
-
Russian region bribes schoolgirls to get pregnant
1 month ago
-
No country has agreed to resettle Palestinians, says acting Israeli envoy to Russia
1 month ago
-
Who will be Serbia’s next prime minister?
1 month ago
-
Serbian biotech Dren Bio sold to Sanofi for $1.9bn
1 month ago