Brief: Init Innovation In Traffic Systems Decides Share Buyback

Init Innovation In Traffic Systems SE

08/03/2022 08:09

March 8 (Reuters) - INIT INNOVATION IN TRAFFIC SYSTEMS SE
 IXXG.DE :
    * DECIDES SHARE BUYBACK
    * MAXIMUM TOTAL PURCHASE PRICE OF EUR 1.000,000 (WITHOUT
ADDITIONAL CHARGES) VIA STOCK EXCHANGE
    * TO REPURCHASE UP TO 40,000 OWN SHARES (PURSUANT TO § 71
(1.8)
AKTG) FOR A MAXIMUM TOTAL PURCHASE PRICE OF EUR 1.000,000
(WITHOUT ADDITIONAL CHARGES) VIA STOCK EXCHANGE
    * IT IS PLANNED TO TRANSACT SHARE BUYBACK DURING PERIOD FROM
8
MARCH 2022 TO 13 MAY 2022 ON STOCK EXCHANGE
    * INIT INNOVATION IN TRAFFIC SYSTEMS SE - 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

Source text for Eikon:  ID:nEQ4H1CHna 
Further company coverage:  IXXG.DE 

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