Samodol dissatisfied with media coverage of HT’s public share offering

Hanfa, through regular supervisory measures, has determined that certain public media, in monitoring the preparation for the implementation of the Decision on the sale of T-HT shares through a public offering, are transmitting information that is speculative in nature and does not refer to objective research, it was announced by Hanfa.

Regarding the public offering of shares of HT – Croatian Telecommunications, Hanfa is closely monitoring the media reporting, especially due to the assessment that a record number of citizens will subscribe to shares in this public offering, many of whom will be acquiring this form of securities for the first time, it was announced by Hanfa. Therefore, the Agency’s goal is for this process to be completely transparent, for all future shareholders to gain a true picture of the benefits and risks associated with investing in shares, and for them to make their investment decisions based on objective publicly available information, the statement said.

It is emphasized that the Agency, through regular supervisory measures, has determined that certain public media, in monitoring the preparation for the implementation of the Decision on the sale of T-HT shares through a public offering, are transmitting information that is speculative in nature and does not refer to objective research. Such (dis)information can create a false impression among potential shareholders, either about the possibility of „quick and large profits,“ or about the possibility of „loss of investment value,“ Hanfa stated.

Speculative and sensationalist articles published in daily newspapers and supplements in electronic media frequently contain subjective estimates of „possible“ profits that are not based on relevant research and do not represent a proper and complete presentation of all information. The Securities Market Act sanctions such behaviors with a monetary fine ranging from 20,000 to 200,000 kuna.