Vtion Wireless Technology AG (DB:V33) announces a share repurchase program. Under the program, the company has offered to repurchase up to 1,329,849 shares, representing 10% at a price of €2.95 per share, for total of €3.92 million. The repurchase price represents a premium of approximately 20% of average stock market price between March 19, 2014 and March 27, 2014.

In the event the offer is over subscribed, the tenders will be accepted proportionally. The tender offer is valid until May 9, 2014.