init decides share buy-back
Karlsruhe, 16 February 2016.
The managing board of init innovation in traffic systems AG has decided in accordance with the resolution of the general meeting of 13 May 2015, topic 6 of the agenda to repurchase up to 50,000 own shares (pursuant to § 71 (1.8) AktG). The purchase price per share should not exceed EUR 12.98 (without additional charges).
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, as acquisition currency and/or for cash to third party.
It is planned to transact the share buy-back during the period from 17 February 2016 to 31 March 2016 on the stock exchange.