Beginning of dealing in the T-HT shares

Dealing in the T-HT shares started on Friday, 5 October, at 10.00 hours, preceded by signing of the Contract on the Listing of the T-HT Shares on the Official Market of the Zagreb Stock Exchange

Dealing in the shares of HT – Hrvatske telekomunikacije d.d. started on 5 October at 10.00 hours on the Zagreb Stock Exchange, preceded by signing of the Contract on the Listing of the T-HT Shares on the Official Market of the Zagreb Stock Exchange.

The contract was signed at The Regent Esplanade Hotel in Zagreb – where the beginning of dealing on the Zagreb Stock Exchange could also be followed on the screens – by Mr. Roberto Motušić, Director of the Zagreb Stock Exchange, and Mr. Ivica Mudrinić, President of the Management Board and CEO of HT, in the presence of Mr. Ivo Sanader, Prime Minister. The signing was witnessed by other Members of the Government and representatives of the executive branch, representatives of HANFA, Hrvatska poštanska banka, Erste Vrijednosnice, advisor to the Government in the IPO process JPMorgan, Members of the Management Board and the Supervisory Board of T-HT, and members of the Company’s team participating in the IPO process.

After signing the contract, Mr. Roberto Motušić, Director of the Zagreb Stock Exchange, emphasised that we should seize the opportunity, which was the envy of all stock exchanges in the region, and attract capital and foreign investors. Mr. Ivica Mudrinić pointed out that the confidence placed by a large number of citizens in T-HT was an honour, but it was also the obligation to turn HT into a high-quality and stable long-term investment. He reminded that on this day eight years ago the first stage of HT privatisation had been closed. Mr. Michael Gűnther, President of the Supervisory Board of T-HT, pointed out that only a successful company, such as the one built by the management and employees of T-HT, could be listed on a stock exchange. He added that the future development of T-HT should also lie on the foundations of such a good quality.

After the public offering of the shares of INA and T-HT, the share of which would be the most liquid on the Zagreb Stock Exchange, nothing would be the same again, said Mr. Damir Polančec, Vice Prime Minister. The Prime Minister Ivo Sanader agreed and said that this day would go down in the history of the development of the Croatian financial market.
The Croatian Government sold, by means of public offering, 32.5 percent of the T-HT shares, out of which number 25 percent of the shares were sold to the Croatian citizens and 7.5 percent to the institutional investors.
More than 358 thousand Croatian citizens bought the shares of T-HT. Their designation for trading on the Zagreb Stock Exchange is HT-R-A. Trading with the GDRs of T-HT started on the London Stock Exchange at the same time. The first transaction in the shares of T-HT on the Zagreb Stock Exchange was performed at the price of HRK 402 per share.