INIT INNOVATION IN TRAFFIC SYSTEMS SE Ad hoc announcement acc. to Article 17 MAR
Karlsruhe, 18 October 2017.
The managing board of init innovation in traffic systems SE has decided in accordance with the resolution of the general meeting of 13 May 2015, topic 6 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 700,000 (without additional charges) via the stock exchange.
The repurchased shares are to be used for existing and future employee share schemes, incentive schemes 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 buy-back during the period from 19 October 2017 to 15 December 2017 on the stock exchange.
Init - Innovation In Traffic Systems SE published this content on 18 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 October 2017 14:40:01 UTC.
Original documenthttps://www.initse.com/ende/news-events/knowledge-database/corporate-news-ad-hocs/2017/ah-201710-sharebuy-back.html
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