17.3.2008
The Act on Privatization of Hrvatske telekomunikacije d.d. (the Company) of 1999 and its amendments of 2001 regulates the whole process of privatization of the Company and also provides for sale of 7% shares to present and former employees of the Company, Hrvatske pošte d.d. and former employees of HPT-Hrvatska pošta i telekomunikacije, Public Enterprise for Postal and Telecommunications Traffic. Pursuant to the above Act, the Government of the Republic of Croatia passed a corresponding decision (Decision) in November 2007 by which the basic terms governing sale of these shares were defined. The equity interest of the Republic of Croatia in the Company would fall to 2.5% through sale of 7% shares.
Accordingly, T-Hrvatski Telekom (T-HT) has announced today in the media, as an integral part of preparations for implementation of the above Decision, the invitation to present and former employees entitled to purchase of shares at preferred terms to check their data, which can be done on the web page: www.t.ht.hr or via free telephone number 0800 9900. The final deadline for data check and delivery of documentation is 30 March 2008.
In the follow-up process the Government of the Republic of Croatia will define final terms and method of purchase, which will also include the terms of potential lock-up period.