AI Terminal
init innovation in traffic systems SE
Transaction in Own Shares • Jul 17, 2018
224_rns_2018-07-17_a51f79f3-b94b-429a-858a-8acefb546139.html
Transaction in Own Shares
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 17 July 2018 13:08
init innovation in traffic systems SE: init decides share buy-back
init innovation in traffic systems SE / Key word(s): Share Buyback/Share Buyback
init innovation in traffic systems SE: init decides share buy-back
17-Jul-2018 / 13:08 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 30,000 own shares (pursuant to § 71 (1.8) AktG) for a maximum total purchase price of EUR 500,000 (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 18 July 2018 to 27 September 2018 on the stock exchange.
Contact:
Person making the notification:
Simone Fritz
Investor Relations
17-Jul-2018 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: | [email protected] |
| 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 |
| End of Announcement | DGAP News Service |