init innovation in traffic systems AG
euro adhoc: init innovation in traffic systems AG
Buybacks
init decides
share buy-back
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
19.09.2008
The managing board of init innovation in traffic systems AG has decided in accordance with the resolution of the general meeting of May 27, 2008, 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 7.00 EUR.
The repurchased shares are to be used for existing and future employee share schemes and/or as acquisition currency.
It is planned to transact the buy-back during the period from September 19, 2008 to January 31, 2009.
end of announcement euro adhoc
Further inquiry note:
Alexandra Weiß
Investor Relations
Telefon: +49(0)721 6100-102
E-Mail: aweiss@initag.de
Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade