IVU Traffic Technologies AG decides to buy back shares

IVU Traffic Technologies AG / Keyword (s): Share buyback
IVU Traffic Technologies AG decides to buy back shares

07-Jun-2021 / 09:17 CET / CEST
Disclosure of inside information acc. in Article 17 MAR of Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

Ad hoc release in accordance with article 17 MAR
IVU Traffic Technologies SA

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

Berlin, June 7, 2021

IVU Traffic Technologies AG decides to buy back shares

The board of directors of IVU Traffic Technologies AG today approved a buyback program for its own shares. The resolution is based on the authorization given by the Ordinary General Meeting of May 29, 2019 to acquire shares of the company for any purpose permitted under article 71 (1) no. 8 of the AktG by May 28, 2024. This includes the use of shares to serve the compensation of the Management Board and employee stock option plans.

In the period from June 7, 2021 to July 31, 2021, within the limit of 50,000 shares (corresponding to 0.28% of the share capital) with a maximum value of € 900,000 (excluding ancillary acquisition costs), the Management Board is considering to buy them back on the stock market (Commerce XETRA). The share buyback will be carried out by an independent credit institution in accordance with the safe harbor provisions of Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16, 2014 in conjunction with the provisions of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, which will make its decisions on the exact moment of the acquisition of the shares of the Company independently and not influenced by the latter.

IVU Traffic Technologies AG will report on the progress of the takeover on the company’s website www.ivu.com under Investors / IVU Share.

Dr Stefan Steck
Public relations and investors
IVU Traffic Technologies SA
Bundesallee 88, 12161 Berlin, Germany
T + 49.30.85906-0
[email protected]

07-Jun-2021 CET / CEST DGAP’s distribution services include regulatory announcements, financial / corporate news and press releases.
Archives on www.dgap.de

About Terry Simmons

Check Also

CrossAmerica Partners: Distribution Reduction Likely (NYSE: CAPL)

megaflopp/iStock via Getty Images Introduction After CrossAmerica Partners (NYSE: CAPL) rolled the dice on their …