Brief: Init Innovation Decides On Share Buyback
08/03/2021 16:32
March 8 (Reuters) - INIT INNOVATION IN TRAFFIC SYSTEMS SE
IXXG.DE :
* DECIDES SHARE BUYBACK
* TO REPURCHASE UP TO 20,000 OWN SHARES (PURSUANT TO § 71
(1.8)
AKTG) FOR A MAXIMUM TOTAL PURCHASE PRICE OF EUR 700,000
* REPURCHASED SHARES ARE TO BE USED FOR EXISTING AND FUTURE
EMPLOYEE SHARE PROGRAM, INCENTIVE PROGRAM FOR MEMBERS OF
MANAGING BOARD AND MANAGING DIRECTORS, AS ACQUISITION CURRENCY
AND/OR FOR CASH TO THIRD PARTY
* IT IS PLANNED TO TRANSACT SHARE BUYBACK DURING PERIOD FROM
9
MARCH 2021 TO 30 MARCH 2021 ON STOCK EXCHANGE
Source text for Eikon: ID:nEQ54b2mXa
Further company coverage: IXXG.DE
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