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init innovation in traffic systems SE: ​​​​​​​init decides share buyback

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init innovation in traffic systems SE / Key word(s): Share Buyback
init innovation in traffic systems SE: ​​​​​​​init decides share buyback

14-Jun-2022 / 17:16 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 26 May 2020, topic 7 of the agenda to repurchase up to 20,000 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 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 14 June 2022 to 16 August 2022 on the stock exchange.

For further information please contact:


Contact:
Person making the notification:
Simone Fritz
Investor Relations
ir@initse.com

14-Jun-2022 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:

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:

1375571


 

End of Announcement

DGAP News Service

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