from Init Innovation In Traffic Systems AG (isin : DE0005759807)
EQS-Adhoc: init innovation in traffic systems SE decides share buyback
EQS-Ad-hoc: init innovation in traffic systems SE / Key word(s): Share Buyback
init innovation in traffic systems SE decides share buyback
16-Jan-2023 / 13:26 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 35,000 own shares (pursuant to § 71 (1.8) AktG) for a maximum total purchase price of EUR 950,000 (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 17 January 2023 to 24 February 2023 on the stock exchange.
Contact:
Person making the notification:
Simone Fritz
Investor Relations
ir@initse.com
16-Jan-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| 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: | 1536061 |
| End of Announcement | EQS News Service |
1536061 16-Jan-2023 CET/CEST