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init innovation in traffic systems SE decides share buyback

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

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