After the successfully executed sale of shares of HT-Hrvatske telekomunikacije d.d., at preferential terms, to present and former employees of HT and Croatian Post, and former employees of HPT – Croatian Post and Telecommunications (hereinafter: „Shares“), pursuant to the decisions and the public invitation by the Government of the Republic of Croatia, the following lock-up expiration dates have been established:
Employee's Years of Service |
Lock-up Period |
Lock-up Period Expiration Date |
More than 30 years |
6 months |
29 December 2008 |
20-30 years |
8 months |
27 February 2009 |
10-20 years |
10 months |
28 April 2009 |
Less than 10 years |
12 months |
29 June 2009 |
As at the above stated dates, the Central Depository Agency will effect transfer of Shares from the lock-up position to the respective position (free or pledged) after which the unpledged Shares will be available for disposition/trading.