Limitations regarding everyday trading (volume and price) have been removed from the existing program.
HT published a document on the Zagreb Stock Exchange announcing that they have amended the provisions of their share buyback program. To be specific, limitations regarding everyday trading (volume and price) have been removed from the existing program, except for the limitation that is determined by General Assembly decision under which the highest price of purchase must not exceed 10%, nor be lower than 10% compared to the average trading price for the share achieved the previous trading day.
The company notes that they plan to continue withdrawing acquired company shares without decreasing share capital of the company, thereby increasing the participation of the remaining shares in the share capital. This will generate benefits for all HT shareholders which are arising from the foregoing additional return of funds to shareholders, besides the regular dividend, and from improvement of the capital structure of the company.