Karlsruhe, 14 March 2016.
One of the main objectives for the Managing Board of init innovation in traffic systems AG (ISIN DE 0005759807) is to achieve a balanced relationship between a shareholder-friendly dividend policy and the strengthening of corporate substance for future growth. As company profits in 2015 have reduced compared to the previous year, the Managing Board and the Supervisory Board recognise the need to adjust the dividend payment accordingly.
Therefore, the Managing Board of init AG decided today to submit a proposal for the appropriation of earnings to the Supervisory Board for submission to the Annual General Meeting, which recommends for 2015 to distribute a dividend of EUR 0.20 per share entitled to dividend (previous year: EUR 0.80).
The decision on this will be taken by the Annual General Meeting of init shareholders, which has been convened for 21 July 2016 in the Concert House of the Convention Centre in Karlsruhe.