IVU Traffic Technologies AG decides to buy back shares
EQS-Ad-hoc: IVU Traffic Technologies AG / Key word(s): Share Buyback
IVU Traffic Technologies AG decides to buy back shares
14-Jun-2024 / 09:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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, 14 June 2024
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 2024 to acquire shares in
the company for any purpose permitted under section 71 (1) no. 8 of the AktG
by 28 May 2029.
In the period from 14 June 2024 to 31 October 2024 up to 100,000 shares
(corresponding to 0.56 % of the share capital) with a maximum value of
EUR1,600,000 (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.com under Investors/IVU Share.
Contact:
Leon Joneleit
Investor Relations
IVU Traffic Technologies AG
Bundesallee 88, 12161 Berlin, Germany
T +49.30.85906-0
ir@ivu.de
www.ivu.com
End of Inside Information
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Language: English
Company: IVU Traffic Technologies AG
Bundesallee 88
12161 Berlin
Germany
Phone: +49 (0)30 85906-0
Fax: +49 (0)30 85906-111
E-mail: kontakt@ivu.de
Internet: www.ivu.de
ISIN: DE0007448508
WKN: 744850
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1925059
End of Announcement EQS News Service
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1925059 14-Jun-2024 CET/CEST