init innovation in traffic systems AG
EANS-Adhoc: init innovation in traffic systems AG
init decides share buy-back
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
17.05.2010
init decides share buy-back
Karlsruhe, May 17, 2010. The managing board of init innovation in traffic systems AG has decided in accordance with the resolution of the general meeting of May 12, 2010, topic 6 of the agenda to repurchase up to 40,000 own shares (pursuant to § 71 (1.8) AktG). The purchase price per share should not exceed 14.00 EUR.
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 and/or as acquisition currency.
It is planned to transact the buy-back during the period from May 17, 2010 to August 31, 2010.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Alexandra Weiß
Investor Relations
Telefon: +49(0)721 6100-102
E-Mail: aweiss@initag.de
Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade
Original content of: init innovation in traffic systems AG, transmitted by news aktuell