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IVU Traffic Technologies AG / Key word(s): Share Buyback
Ad-hoc release pursuant to Article 17 MAR
Berlin, 10 May 2021
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 2019 to acquire shares in the company for any purpose permitted under section 71 (1) no. 8 of the AktG by 28 May 2024. This includes the use of the shares to service Executive Board compensation and employee stock option plans.
In the period from 10 May 2021 to 31 July 2021 up to 30,000 shares (corresponding to 0.2% of the share capital) with a maximum value of €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.
10-May-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
IVU Traffic Technologies AG
+49 (0)30 85906-0
+49 (0)30 85906-111
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
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