Ad-hoc | 20 January 2016 17:29
init innovation in traffic systems AG / Key word(s): Share Buyback/Share Buyback
20.01.2016 17:29
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
The managing board of init innovation in
traffic systems AG has decided in accordance with the resolution of the
general meeting of 13 May 2015, topic 6 of the agenda to repurchase up to
50,000 own shares (pursuant to § 71 (1.8) AktG). The purchase price per
share should not exceed EUR 14.50 (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 share buy-back during the period from 20
January 2016 to 31 March 2016 on the stock exchange.
20.01.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: init innovation in traffic systems AG
Käppelestraße 4-6
76131 Karlsruhe
Germany
Phone: +49 (0)721 6100 0
Fax:
E-mail: ir@initag.de
Internet: www.initag.de
ISIN: DE0005759807
WKN: 575980
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------