Telekom Slovenije, d.d. commences an Equity Buyback Plan for 653,547 shares, representing 10% of its issued share capital, under the program mandated by the shareholders in the Annual General Meeting held on June 18, 2021.
January 19, 2022 at 03:27 am EST
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Telekom Slovenije, d.d. (LJSE:TLSG) commences share repurchases on January 12, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 18, 2021. As per the mandate, the company is authorized to repurchase up to 653,547 shares, representing 10% of its issued share capital. The purchase price will not be less than 0.45 times and more than 0.80 times the book value per share. The repurchased shares will be used to replace participating interests in other companies in the scope of implementing its takeover strategy, to sell them off to a strategic partner, and to sale them on the regulated market. All the repurchased shares will be held as treasury shares. The authorization will be valid for 36 months from the day this resolution is adopted. On June 18, 2021, the company had 30,000 own shares.
On November 4, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to a total of 326,773 shares, representing 5% of its issued share capital. The program will be funded from the company's own resources and debt securities. The program will be valid for 12 months from the day the general meeting granted it.
Telekom Slovenije dd is a Slovenia-based company engaged in the provision of telecommunication services. The Company provides fixed and mobile communications, system integration and cloud computing, construction and maintenance of telecommunication networks, digital content and services, multimedia, digital advertising. It operates under the brands Mobitel and SiOL. The Companyâs services and products include business bundles, Centreks, Moneta, M vrata, among others. The Company is active in Slovenia, Kosovo, Macedonia, Bosnia and Herzegovina, Croatia, Montenegro and Gibraltar. On November 6, 2013, the Company concluded the transaction of transferring a 100% stake in the capital of PRIMO Communications SHPK to AD-Trade SHPK, Albania. The Companyâs major shareholder is Slovenska odskodninska druzba dd with a stake of 72.75%.
Telekom Slovenije, d.d. commences an Equity Buyback Plan for 653,547 shares, representing 10% of its issued share capital, under the program mandated by the shareholders in the Annual General Meeting held on June 18, 2021.
TELEKOM SLOVENIJE, D.D. 
