DGAP-Adhoc: init innovation in traffic systems SE decides share buy-back
DGAP-Ad-hoc: init innovation in traffic systems SE / Key word(s): Share Buyback
init innovation in traffic systems SE decides share buy-back
04-March-2020 / 15:37 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, 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 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.
Archive at www.dgap.de
End of Announcement DGAP News Service
989497 04-March-2020 CET/CEST