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.

Karlsruhe, November 18, 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
15.00 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 November 18, 2011
to January 31, 2012.

For further information please contact:
Alexander Güntert
init innovation in traffic systems AG
Kaeppelestraße 4-6
76131 Karlsruhe
Tel.: 0721/6100-316
Fax: 0721/6100-399

Sebastian Brunner
Tel.: 0175/5604673

"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

Further inquiry note:
Alexander Güntert
Tel.: +49 (0)721 6100-316

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
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

Weitere Meldungen: init innovation in traffic systems AG

Das könnte Sie auch interessieren: