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
Original content of: init innovation in traffic systems AG, transmitted by news aktuell