init innovation in traffic systems AG
EANS-Adhoc: 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. -------------------------------------------------------------------------------- 10.08.2011 Karlsruhe, August 10, 2011. 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 20,000 own shares (pursuant to § 71 (1.8) AktG). The purchase price per share should not exceed 17.50 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 August 10, 2011 to October 31, 2011. For further information please contact: |Alexander Güntert |Sebastian Brunner | |init innovation in traffic systems AG|communication+consulti| |Kaeppelestraße 4-6 |ng | |76131 Karlsruhe |Tel.: 0175/5604673 | |Tel.: 0721/6100-316 |fsbrunner@aol.com | |Fax: 0721/6100-399 | | |ir@initag.de | | Disclaimer: "This release is not being issued in the United States of America and should not be distributed to United States Persons or publications with a general circulation in the United States. This document does not constitute an offer or invitation to subscribe for or purchase any securities in addition, the securities of init AG have not been registered under the United States securities laws and may not be offered, sold or delivered within the United States or to U.S. Persons absent from registration under or an applicable exemption from the registration requirements of the United States securities law." Further inquiry note: Alexander Güntert Tel.: +49 (0)721 6100-316 E-Mail: ir@initag.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: init innovation in traffic systems AG Käppelestraße 6 D-76131 Karlsruhe phone: +49(0)721 6100-0 FAX: +49(0)721 6100-399 mail: info@initag.de WWW: http://www.initag.de sector: Semiconductors & active components ISIN: DE0005759807 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, München language: English
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