init innovation in traffic systems SE

Transaction in Own Shares • Mar 8, 2021

News Details

Ad-hoc | 8 March 2021 17:31

init innovation in traffic systems SE: init decides share buyback

init innovation in traffic systems SE / Key word(s): Share Buyback/Share Buyback

init innovation in traffic systems SE: init decides share buyback

08-March-2021 / 17:31 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.

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Karlsruhe, 8 March 2021. 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 20,000 own shares (pursuant to § 71 (1.8) AktG) for a maximum total purchase price of EUR 700,000 (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 March 2021 to 30 March 2021 on the stock exchange.

Contact:

Person making the notification:

Simone Fritz

Investor Relations

ir@initse.com

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08-March-2021 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:	1173960

End of Announcement	DGAP News Service