Ad-hoc | 4 March 2020 15:37
init innovation in traffic systems SE decides share buy-back
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init innovation in traffic systems SE / Key word(s): Share Buyback
The managing board of init innovation in traffic systems SE has decided in accordance with the resolution of the general meeting of 13 May 2015, topic 6 of the agenda to repurchase up to 20,000 own shares (pursuant to § 71 (1.8) AktG) for a maximum total purchase price of EUR 490,000 (without additional charges) via the stock exchange. 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 5 March 2020 to 17 March 2020 on the stock exchange. Contact: Person making the notification: Simone Fritz Investor Relations ir@initse.com
04-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | init innovation in traffic systems SE |
| Käppelestraße 4-10 | |
| 76131 Karlsruhe | |
| Germany | |
| Phone: | +49 (0)721 6100 0 |
| Fax: | +49 (0)721 6100 399 |
| E-mail: | ir@initse.com |
| Internet: | www.initse.com |
| ISIN: | DE0005759807 |
| WKN: | 575980 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 989497 |
| End of Announcement | DGAP News Service |