EQS-Adhoc: init innovation in traffic systems SE: init decides share buyback
EQS-Ad-hoc: init innovation in traffic systems SE / Key word(s): Share Buyback/Share Buyback
init innovation in traffic systems SE: init decides share buyback
09-Nov-2023 / 10:44 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - 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 26 May 2020, topic 7 of the agenda to repurchase up to 29,000 own shares (pursuant to § 71 (1.8) AktG) for a maximum total purchase price of EUR 870,000 (without additional charges) via the stock exchange.
The repurchased shares are to be used for existing and future employee share program, incentive program 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 buyback during the period from 9 November 2023 to 27 December 2023 on the stock exchange.
Contact:
Person making the notification:
Janina Hoffmann
Investor Relations
ir@initse.com
End of Inside Information
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1769545 09-Nov-2023 CET/CEST