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. -------------------------------------------------------------------------------- 01.02.2012 Karlsruhe, February 1, 2012. 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 14.50 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 February 2, 2012 to March 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 ir@initag.de Sebastian Brunner communication+consulting Tel.: 0175/5604673 fsbrunner@aol.com Disclaimer: "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 law." Further inquiry note: Alexander Güntert Tel.: +49 (0)721 6100-316 E-Mail: ir@initag.de 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 mail: info@initag.de WWW: http://www.initag.de sector: Semiconductors & active components ISIN: DE0005759807 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English