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init innovation in traffic systems SE, DE0005759807

init innovation in traffic systems SE, DE0005759807

28.07.2020 - 10:58:34

init innovation in traffic systems SE decides share buy-back

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 25,140 own shares (pursuant to § 71 (1.8) AktG) for a maximum total purchase price of EUR 860,000 (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 buy-back during the period from 28 July 2020 to 30 October 2020 on the stock exchange.

 

Contact: Person making the notification: Simone Fritz Investor Relations ir@initse.com

28-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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: 1103619   End of Announcement DGAP News Service

1103619  28-Jul-2020 CET/CEST

@ dgap.de