Ad-hoc | 11 November 2013 10:28
init innovation in traffic systems AG / Key word(s): Share Buyback/Share Buyback
11.11.2013 10:28
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Karlsruhe, 11 November 2013. The managing board of init innovation in
traffic systems AG has decided in accordance with the resolution of the
general meeting of May 12, 2010, topic 6 of the agenda to repurchase up to
40,000 own shares (pursuant to § 71 (1.8) AktG). The purchase price per
share should not exceed 23.80 EUR (without additional charges).
The repurchased shares are to be used for existing and future employee
share schemes, incentive schemes for members of the managing board and
managing directors, as acquisition currency and/or for cash to third party.
It is planned to transact the buy-back during the period from 11 November
2013 to 20 December 2013.
11.11.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: init innovation in traffic systems AG
Käppelestraße 4-6
76131 Karlsruhe
Germany
Phone: +49 (0)721 6100 0
Fax: +49 (0)721 6100 399
E-mail: ir@initag.de
Internet: www.initag.de
ISIN: DE0005759807
WKN: 575980
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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