from IVU Traffic Technologies AG (isin : DE0007448508)
EQS-Adhoc: IVU Traffic Technologies AG decides to buy back shares
EQS-Ad-hoc: IVU Traffic Technologies AG / Key word(s): Share Buyback
IVU Traffic Technologies AG decides to buy back shares
25-Oct-2024 / 11:10 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.
Ad-hoc release pursuant to Article 17 MAR
IVU Traffic Technologies AG
ISIN DE0007448508
Listing: Frankfurt Stock Exchange in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard)
Berlin, 25 October 2024
IVU Traffic Technologies AG decides to buy back shares
The Executive Board of IVU Traffic Technologies AG today approved a buyback programme for its own shares. The resolution is based on the authorisation granted by the Annual General Meeting on 29 May 2024 to acquire shares in the company for any purpose permitted under section 71 (1) no. 8 of the AktG by 28 May 2029.
In the period from 28 October 2024 to 31 March 2025 up to 100,000 shares (corresponding to 0.56 % of the share capital) with a maximum value of €1,500,000 (excluding incidental acquisition costs), the Executive Board plans to repurchase them via the stock exchange (XETRA trading). The share buyback will be carried out by an independent credit institution in accordance with the safe harbour provisions of Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 in conjunction with the provisions of the Delegated Regulation (EU) 2016/1052 of the Commission of 8 March 2016, which will make its decisions on the exact timing of the acquisition of shares in the Company independently and uninfluenced by the latter.
IVU Traffic Technologies AG will report on the course of the repurchase on the company’s website www.ivu.com under Investors/IVU Share.
Contact:
Leon Joneleit
Investor Relations
IVU Traffic Technologies AG
Bundesallee 88, 12161 Berlin, Germany
T +49.30.85906-0
ir@ivu.de
www.ivu.com
End of Inside Information
25-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | IVU Traffic Technologies AG |
| Bundesallee 88 | |
| 12161 Berlin | |
| Germany | |
| Phone: | +49 (0)30 85906-0 |
| Fax: | +49 (0)30 85906-111 |
| E-mail: | kontakt@ivu.de |
| Internet: | www.ivu.de |
| ISIN: | DE0007448508 |
| WKN: | 744850 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2016487 |
| End of Announcement | EQS News Service |
2016487 25-Oct-2024 CET/CEST