IVU Traffic Technologies AG

  • WKN: 744850
  • ISIN: DE0007448508
  • Land: Deutschland

Nachricht vom 09.03.2020 | 11:31

IVU Traffic Technologies AG decides to buy back shares

IVU Traffic Technologies AG / Key word(s): Share Buyback
IVU Traffic Technologies AG decides to buy back shares

09-March-2020 / 11:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc release pursuant to Article 17 MAR
IVU Traffic Technologies AG

ISIN DE0007448508
Listing: Frankfurt Stock Exchange in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard)

Berlin, 9 March 2020

IVU Traffic Technologies AG decides to buy back shares

The Executive Board of IVU Traffic Technologies AG today approved a buyback programme for its own shares. The resolution is based on the authorisation granted by the Annual General Meeting on 29 May 2019 to acquire shares in the company for any purpose permitted under section 71 (1) no. 8 of the AktG by 28 May 2024. This includes the use of the shares to service Executive Board compensation and employee stock option plans.

In the period from 9 March 2020 to 30 June 2020 up to 50,000 shares (corresponding to 0.28 % of the share capital) with a maximum value of €650,000 (excluding incidental acquisition costs), the Executive Board plans to repurchase them via the stock exchange (XETRA trading). The share buyback will be carried out by an independent credit institution in accordance with the safe harbour provisions of Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 in conjunction with the provisions of the Delegated Regulation (EU) 2016/1052 of the Commission of 8 March 2016, which will make its decisions on the exact timing of the acquisition of shares in the Company independently and uninfluenced by the latter.

IVU Traffic Technologies AG will report on the course of the repurchase on the company's website www.ivu.de under Investor Relations/Share.

Contact:
Dr Stefan Steck
Public & Investor Relations
IVU Traffic Technologies AG
Bundesallee 88, 12161 Berlin, Germany
T +49.30.85906-0
ir@ivu.de
www.ivu.com


09-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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